DETROIT (AP) -- New data suggests home foreclosures in Michigan are declining. Filings in the state dropped 7 percent in January compared with a year ago.
Michigan now ranks 10th nationwide for foreclosure filings. That's according to figures released Tuesday by California-based RealtyTrac. It ranked third in 2007. A decline in foreclosures in Detroit and the state would be a first step to a real estate recovery that experts predict could take several years.
Economists attribute the foreclosure decline to a combination of more consumers getting help from lenders and refinancing their mortgages, plus lower interest rates.
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Dancing For Charity at the South Oakland Shelter 11/07
WWJ's Marie Osborne spoke live with Kevin Roach the Executive Director of the South Oakland Shelter. This is a charity event where area politicians, business leaders and media personalities will be pairing with professional dancers.
Movie Boot Camp 11/7
Larry Meistrich a veteran producer, talks about a three day filmakers workshop next weekend which he will host.
Health Care Overhaul 11/7
A live WWJ interview with AFL-CIO President Mark Gaffney on today's health care rally in Royal Oak.
China Mission 11/7
Wayne County Executive Robert Ficano further elaborates on the trip to China for himself and a board of delegates.
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