Tuesday, May 12, 2009

Foreclosures R not us

Mentioned yesterday, but here is a link to the full article now available from Crain's Cleveland Business:

Different states: Cleveland, Pittsburgh neighborhoods share much common ground, yet are miles apart in number of foreclosures

How different are Pennsylvania, especially Western Pennsylvania, and Ohio foreclosure rates? The map I blew up from an Atlantic Monthly article looks like this:

So, I dunno.... I bet if there were a factoid saying foreclosures here were 1% higher than average it would be top of the fold on page 1. But some in depth research from the Federal Reserve showing how low foreclosure rates are here and...... you gotta read the Cleveland news just to hear about it.

and guess what? It wasn't an accident!


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