Showing posts with label Geography of Michigan. Show all posts
Showing posts with label Geography of Michigan. Show all posts

Friday, December 22, 2017

Baltimore Murder Rate Surges Again In 2017 (Now Tied With Venezuela); Here"s How Your City Fared...

Once again this year, the Brennan Center for Justice has analyzed violent crime stats from the 30 largest cities in America to provide some insight on national trends.  Not surprisingly, this year"s report has is full of more bad news for the residents of cities like Baltimore and Chicago that have experienced devastating spikes in homicides over the past two years.


Looking at homicides per capita in 2017, Baltimore is clearly the most dangerous large city in the U.S. with a murder rate that is more than 4x the average of other large cities and some 40% higher than the second most dangerous city of Detroit.  To put things in perspective, the murder rate in Baltimore is now exactly tied with Venezuela at 57.2 murders per 100,000 residents.



Of course, as our readers are undoubtedly aware, high violent crime rates in cities like Baltimore and Chicago are hardly a new phenomenon.  Therefore, we decided to take a look at year-over-year changes in murder rates by city and made some interesting discoveries.  While Charlotte saw the biggest YoY spike, cities like San Francisco and Seattle, both of which are experiencing tech-induced economic booms, were also at the top of the list.



Finally, and not surprisingly, in terms of total homicides, the city of Chicago is still the big "winner" in 2017 with nearly double the number of murders of Baltimore.



Of course, as the Brennan Center notes, it"s not all bad news as aggregate crime in the nation"s top 30 cities declined 2.7%...








The overall crime rate in the 30 largest cities in 2017 is estimated to decline slightly from the previous year, falling by 2.7 percent. If this trend holds, crime rates will remain near historic lows.


 


The violent crime rate will also decrease slightly, by 1.1 percent, essentially remaining stable. Violent crime remains near the bottom of the nation’s 30-year downward trend.


 


The 2017 murder rate in the 30 largest cities is estimated to decline by 5.6 percent. Large decreases this year in Chicago and Detroit, as well as small decreases in other cities, contributed to this decline. The murder rate in Chicago — which increased significantly in 2015 and 2016 — is projected to decline by 11.9 percent in 2017. It remains 62.4 percent above 2014 levels. The murder rate in Detroit is estimated to fall by 9.8 percent. New York City’s murder rate will also decline again, to 3.3 killings per 100,000 people.



Conclusion: "What the hell is going on in Chicago"...and Baltimore and Detroit and Memphis and San Francisco and Seattle and....



Here is the full report from the Brennan Center for Justice:










Friday, October 27, 2017

Vacant Property Rates Soar In Over Half Of U.S. Local Housing Markets

According to a new report from ATTOM Data Solutions published earlier today, vacant property rates are once again increasing in many markets across the country but perhaps not for the reasons you might think.  While so-called pre-foreclosure "zombie" properties have declined some 22% YoY, overall vacant property rates in 54% of the 149 metropolitan statistical areas analyzed by ATTOM actually increased due to, among other things, increasing ownership rates by investors as opposed to actual homeowners.


ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its 2017 U.S. Residential Vacant Property and Zombie Foreclosure Report, which shows nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 — representing 1.58 percent of all U.S. residential properties.


 


The 1.58 percent vacant property rate nationwide decreased slightly from 1.63 percent a year ago, but vacant property rates increased from a year ago in 81 of the 149 metropolitan statistical areas analyzed in the report (54 percent), including Chicago, New York, St. Louis, Baltimore and Phoenix.


 


The report also shows that the number of vacant “zombie” pre-foreclosure properties — which have started the foreclosure process but have not yet been repossessed by the foreclosing lender — decreased 22 percent from a year ago to 14,312 as of the end of Q3 2017, 67 percent below the peak of 44,030 in Q3 2013. The number of vacant bank-owned properties decreased 48 percent from a year ago to 24,026 as of the end of Q3 2017.


 


“Zombie foreclosures have dwindled dramatically over the last four years as a supply-starved housing has soaked up even some of the most highly distressed properties,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “There are still pockets of the country with high zombie foreclosure rates, and high vacant property rates in general, primarily in the Rust Belt and parts of the Northeast and Southeast — driven in large part by a high share of non-owner occupied vacant properties in those areas.


 


“There is evidence that the ultra-tight inventory environment in some red-hot markets is beginning to ease just a bit, with vacant property rates nudging higher in markets such as San Jose, San Francisco, Los Angeles, Boston and Denver,” Blomquist added.



The Vacant Distressed

Not surprisingly, some of the highest vacancy rates were observed in mid-western markets like Flint, Michigan and Baltimore.


Among 149 metropolitan statistical areas with at least 100,000 residential properties (1 to 4 units), those with the highest vacancy rates were Flint, Michigan (6.89 percent); Youngstown, Ohio (4.49 percent); Beaumont-Port Arthur, Texas (3.80 percent); Detroit, Michigan (3.77 percent); and Mobile, Alabama (3.77 percent).


 


Among 405 counties with at least 50,000 residential properties, those with the highest vacancy rates were Baltimore City, Maryland (8.14 percent); Saint Louis City, Missouri (6.97 percent); Beaufort County, South Carolina (6.94 percent); Genesee County, Michigan (6.89 percent); and Wayne County, Michigan (6.76 percent).


 


Among 13,616 U.S. zip codes with at least 1,000 residential properties, those with the highest vacancy rates were led by three zip codes in the city of Gary, Indiana: 46409 (30.26 percent); 46407 (29.62 percent); and 46402 (29.53 percent), followed by 48505 in Flint, Michigan (29.00 percent); and 44507 in Youngstown, Ohio (25.97 percent).



2017 Vacant Property Rates by Zip Code

And while "zombie" foreclosures are down nationwide, a staggering total of 14,312 properties in the foreclosure process remained vacant as of the end of Q3 2017, representing 4.2.% of all properties in foreclosure.


States with the most of these vacant “zombie” foreclosures were New York (3,528), New Jersey (2,261), Florida (1,963), Illinois (999), and Ohio (974).


 


Among 149 metropolitan statistical areas with at least 100,000 residential properties (1 to 4 units), those with the most vacant “zombie” foreclosures were New York-Newark-Jersey City, NY-NJ-PA (3,106); Philadelphia, Pennsylvania (813), Chicago, Illinois (665), Miami, Florida (571), and Tampa-St. Petersburg, Florida (477).



Meanwhile, a stunning 24% of "investment" properties in Flint, Michigan found themselves without a tenet at the end of Q3 2017...


Nationwide more than 1 million non-owner occupied (investment) residential properties (1,032,851) were vacant, representing 4.30 percent of all non-owner occupied residential properties and unchanged from a year ago.


 


States with the highest vacancy rate for non-owner occupied (investment) properties were Michigan (9.84 percent); Indiana (9.52 percent); Kansas (7.11 percent); Mississippi (6.92 percent); and Alabama (6.83 percent).


 


Among 149 metropolitan statistical areas with at least 100,000 residential properties (1 to 4 units), those with the highest vacancy rate for non-owner occupied (investment) properties were Flint, Michigan (23.64 percent); Youngstown, Ohio (12.01 percent); Detroit, Michigan (11.88 percent); South Bend, Indiana (10.47 percent); and Indianapolis, Indiana (10.46 percent).



...which presumably makes them not such a great "investment".









Wednesday, February 15, 2017

Detroit 'Wins' Award For Most Unhealthy City In The U.S.; Here's Where Your City Ranks

A couple of years ago, in the midst of its bankruptcy proceedings, we posted a series of stunning pictures illustrating the "Death And Decay Of Detroit."  Once a beacon of America"s manufacturing prowess, a series of time lapsed pictures revealed how, in just a few years following the "great recession" of 2008, the once vibrant metropolis became the poster child for urban decay. 


Unfortunately, at least according to a new study from WalletHub, Detroit"s crumbling commercial and residential infrastructure isn"t the only thing deteriorating rapidly in "America"s Comeback City."  The study, which ranks America"s 150 largest cities based on overall health, pegged Detroit "dead" last. 


Of course, in many ways, the map of America"s most healthy cities mimics an electoral college map with the Northeast and West Coast ranking generally more healthy while residents of the Southeast and Texas suffered the consequences of their love for fried foods.





Meanwhile, the map of "least healthy" cities is pretty much the inverse of the following map of the "fattest" cities.






Among other things, the health of America"s metropolitan areas was ranked by the prevalence of obese residents and access and health and wellness facilities at reasonable costs.





To reach their findings, WalletHub graded each city using 34 categories as metrics along with a specific weight for each category. The categories were split among four groups that accounted for 25 points each: health care, food, fitness, and green space. The higher the score, the healthier the city.



Categories considered in the study included mental health counselors per capita, cost of medical visit, and quality of public hospitals for health care; healthy restaurants per capita, share of obese residents, and produce consumption for categories under food; fitness clubs per capita, weight loss centers per capital, and share of residents who engage in any physical activity for categories in fitness; and quality of parks, bike score, and walking trails per capita among the categories for green space.



And here are your top and bottom 10 most/least healthy cities.  Unsurprisingly, the health conscious, liberal bastions of California dominate the most healthy cities while Texas and the Southeast dominated the least healthy cities.


Healthy Cities



Apparently people in CA, OR and WA love to eat their fruits and vegetables while the folks of LA, AL, MS and AR are still looking for a viable way to deep fry their strawberries before partaking.


Healthy Cities


But, keep you head up Detroit...we"re sure things will turn around for you at some point.