Star Tribune Fri, 21 Mar 2008 04:17:44 GMT
Foreclosure scourge hitting the suburbs
Hennepin County suburbs now have more repossessions than Minneapolis. It is an event that is not class specific, an analyst says. Foreclosure, often seen as an inner-city problem, is creeping into Hennepin County's middle-class suburbs. In four of the last five months, the suburbs have seen more foreclosure auctions than Minneapolis. That's a change from the previous year, when Minneapolis dominated foreclosures in all but two months. In February, more than 57 percent of county foreclosures were in the suburbs, the highest suburban share in at least the last 19 months.
[[keywords: Housing;Metro;]]
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