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.
- 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.