Massachusetts Foreclosures Shift to the Suburbs
Original report published by Massachusetts Housing Partnership
There are now more foreclosures outside the state’s urban areas than in them, according to a recent study written by Tim H. Davis, a former Rappaport Urban Scholar for the Massachusetts Housing Partnership. The most recent Foreclosure Monitor, a quarterly report produced by Davis for MHP, found that as of Oct. 1, 2010, distressed units in Boston and the state’s 24 other "Gateway" cities and towns accounted for 49 percent of the units in Massachusetts where a foreclosure petition has been filed, an auction has been scheduled, or a property has been foreclosed and taken back by the bank. This is down from 59 percent as of Oct. 1, 2008 and from 54 percent as of Oct. 1, 2009. The study has been the subject of articles in The Boston Globeand Davis was interviewed by WBZ Radio.