Michigan in 2009 was no longer number 1 in the amount of foreclosures in the country. That distinction went to Nevada with 10.2% of all housing filing foreclosure during the year. Arizona (6.1%) and Florida (5.9%) came in second and third, while the overall rate in the U.S. was 2.2% in 2009.
Oakland County had 17,475 foreclosure filings in 2009, making it the fifth highest in the state. That equates to 3.33% of housing in the county. The top three counties in foreclosure rater were Wayne (3.9%), Macomb (3.8%) and Lapeer (3.4%).
In looking strictly at the quantity of foreclosures, Oakland County is ranked #2 in the state. Wayne county is in first place with 32,366 and then Oakland’s 17,475.
Oakland County statistics:
Number of Foreclosure Filings, 2009 17,475
% of Housing Units 3.33
1/30 of every Housing Units, in 2009, went into foreclosure
Number of Foreclosure Filings, 2008 15,504
Number of Foreclosure Filings, 2007 10,359
Number of Foreclosure Filings, 2006 5,040
% Change Foreclosure Filings (2008-2009) 12.71
% Change Foreclosure Filings (2007-2009) 68.69
% Change Foreclosure Filings (2006-2009) 246.73
Source: RealtyTrac, Inc. 01/15/2010
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