Check this link out from the Minneapolis Star Tribune see the extent of foreclosures in the city. It contains an extraordinary graph illustrating the housing disaster in the city. Since January 2006, over 2,500 homes have been sold in foreclosure sales.
This article reports that there "have been 1,400 foreclosure sales in North Minneapolis since January 2006. This is an area of less than 9 square miles that contains 12,810 single family residences. Meaning: 10.9% of the houses in North Minneapolis have already gone through a foreclosure sale since the real estate collapse began."
One house in ten? This has got to be a national record. Is there anywhere in the US with a higher foreclosure rate?
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