Serving Metropolitan Detroit Since 1944
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2 years after the start of the recession and housing crash, the ripple effects are still felt acutely across Detroit and Wayne County, members of a U.S. House subcommittee heard at a field hearing in Detroit on Friday. The issues are complex, but the numbers are stark: since the housing crisis began in 2009, Detroit has flipped from a majority-homeowner to a majority-renter city. That's due in large part to the wave of mortgage and property tax foreclosures that swept the city in the following...