Foreclosure Growth in Ohio 2009
March 16, 2009
Ohio’s foreclosure crisis continued to worsen in 2008, setting a new record with 85,782 new foreclosure filings, according to the annual study issued by Policy Matters Ohio. Ohio saw a 1.2 percent increase from 2007 and a 70 percent increase from 10 years ago. The latest numbers indicate that there was one foreclosure filing for every 60 housing units in the state last year. Foreclosure filings grew by an average of 4.9 percent in counties with populations of 50,000 or less, and state-wide have more than quintupled since 1995 for all counties. Cuyahoga County led the state once again in foreclosure filings per person and Allen County led in foreclosure filing growth from 2007. The report calls for more state action in resolving the foreclosure crisis that continues to hurt communities.