Foreclosure home values skyrocket since recession

  • 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.

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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.