one out of every 21 homes in Wayne County was foreclosed last year

[Bozita]

Truly disheartening.

http://www.freep.com/apps/pbcs.dll/article?AID=/20070322/NEWS06/703220327&imw=Y

89,000 left Wayne County, census data show

Suburbs benefit: Macomb, Livingston among hot destinations

March 22, 2007

BY MARISOL BELLO, ZACHARY GORCHOW and VICTORIA TURK

FREE PRESS STAFF WRITERS

While Michigan's population held steady in the last six years, Wayne County lost more residents than any other county in the country, save for hurricane-ravaged Orleans Parish, according to U.S. Census Bureau estimates to be released today.

Wayne County's loss of more than 89,000 residents from 2000 to 2006 represents an ongoing slide, fueled by the steady number of families leaving Detroit and high job losses and foreclosures. But that loss has meant rapid growth in places like Livingston, Washtenaw and Macomb counties.

-snip-

Wayne County has been particularly battered by Michigan's economy. The county's unemployment rate in January was 9.1%, compared with a statewide rate of 6.9%, the highest in the nation.

From 2000 to 2006, Michigan's population grew by 1.6%, to 10.1 million. In the same span the state lost 336,000 jobs, according to a University of Michigan study.

The number of mortgage foreclosures in Wayne County last year hit 40,220 -- one out of every 21 homes -- more than any other county in the nation's largest metropolitan areas.

-snip-

more...