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Economy

Michigan is seeing a slowdown in home foreclosures

a house with a foreclosure sign in front of it
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Michigan ranks 8th in the nation for foreclosures

Michigan's home foreclosure rate is tumbling.

During the Great Recession, Michigan's foreclosure rate was among the nation's highest and, at times, the highest in the nation.

Today, Michigan ranks 15th.

Put it another way: Our home foreclosure rate is half of what it was six months ago.

Daren Bloomquist is with Realty Trac and he joined us today from their offices in California.

Listen to the full interview above.

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