The number of foreclosed houses and townhouse homes in Michigan jumped in October 2010. Despite the rise, student housing helps keep the market balanced in certain areas.
Prices of residential properties, including BofA foreclosure homes, continue to decline in several areas of Michigan. October home sales data showed a decline of over twenty percent.
West Michigan is seeing an increase in the number of homeless people. Many of these homeless families have lost their properties to bank foreclosure listings.
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