Shaky Ground for Housing
The Mortgage Bankers Association says of all the homes in the country, nearly 2 1/2 percent of them are in foreclosure. Illinois's foreclosure rate is even higher --- the 7th highest in the nation. Home foreclosures also appear to be on the rise in the Champaign-Urbana area. But as AM 580's Jim Meadows reports, it may not have reached the crisis level ... yet.