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The State of Ohio - The Ohio Foreclosure Rate
 
 
Once again, we start the year despairing about what happened in the previous 12 months, and dreading the predictions of what's to come in the next 365 days. For months, the state has been struggling with unemployment rates not seen in a quarter of a century. RealtyTrac says Ohio had the nation's 12th highest foreclosure rate last year - 1 in 50 Ohio households got foreclosure notices in 2009, and experts expect that number to rise. And there's a looming cloud on the horizon - an estimated deficit in the next budget cycle that could be as high as 5 billion dollars. And polls show constituents aren't happy either. Economists from Ohio's biggest educational institutions share their opinions: Randall Olsen, Professor of Economics and the Director of the Center for Human Resource Research at Ohio State University and Richard Vedder, distinguished professor of economics at Ohio University and a fellow at the American Enterprise Institute for Public Policy Research.
January 22, 2010