Home front

    Though economic indicators are still on the gloomy side, Philly has at least one positive sign it can boast on.  Philadelphia’s City Controller says fewer homeowners [in the city] are facing foreclosure compared with other major cities.”

    City Controller Alan Butkovitz, who discussed the finding in a recent report, said that part of the reason was that Philadelphia didn’t see the collapse of the real-estate “bubble” that occurred in high-growth areas in western and southern cities like Houston and Los Angeles.

    Butkovitz also credited Philadelphia’s Residential Mortgage Foreclosure Diversion Program, created by Common Pleas Court, as a factor in the lower foreclosure rate.

    • WHYY thanks our sponsors — become a WHYY sponsor

    WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.

    Want a digest of WHYY’s programs, events & stories? Sign up for our weekly newsletter.

    Together we can reach 100% of WHYY’s fiscal year goal