• A recent Zillow report shows foreclosed home values gaining much faster compared to U.S. properties overall.
  • Prior to the recession, homeownership rates among low-income households rose from 65 percent in the mid-90s to almost 70 percent in 2006.
  • A staggering 46.7 percent of lower tier homes fell into foreclosure.

Not everyone was hit equally hard by the recession and housing bust. A recent Zillow report shows low-end homes were more likely to be foreclosed during the housing crisis, but foreclosure home values are also gaining at a much faster rate compared to U.S. properties overall.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top