That "golden age" is hitting Ohio hard: On-the-rise foreclosures should alert lawmakers

Rising prices and a general economic malaise are hitting home — literally — in Ohio, as a new report shows foreclosure activity is increasing in the state.

Realtor.com says the Buckeye State has a foreclosure filing rate higher than the national average — one for every 2,787 housing units. That is sixth on the list — just ahead of New Jersey, according to the Cincinnati Enquirer. The national average is one in every 3,701 housing units entering foreclosure proceedings.

The report shows elevated foreclosure activity particularly in Cuyahoga, Highland, Jefferson and Lake counties.

"Cost of living and insurance has gotten significantly more expensive overall on top of the stress of housing values in some areas, which is making it harder for people to continue to afford these homes," real estate broker Cara Ameer told Realtor.com.

https://norwalkreflector.com/news/855944/on-the-rise-foreclosures-should-alert-lawmakers/