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Monday, June 25, 2007

Detroit has 5 of top 15 zip codes in home foreclosures

This made me wonder if fans and bankers were in a rush to see the great baseball in Detroit.
  • "Detroit has five of the top 15 zip codes in the country for home foreclosures. Cleveland and Denver also have more than one zip code in the top 15 worst zips. CNNMoney.com explains:

More than a quarter of all leading foreclosure zip codes are in California, but many of the worst-hit zip codes are in the Midwest. Ohio has 49 zip codes in the top 500, trailing only California and Florida, which has 72.

Michigan has 34, including four in the top 10. All of them are within Detroit city limits."

(The article also states overall foreclosure numbers are increasing in sun-belt areas like California and Florida.)

Via Poynter.org/Romenesko, 6/25/07

The report doesn't mention the time frame of the foreclosures. Perhaps it's year-to-date.

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