community stories for southern Nevada

Rural America Hit Hard By Recession…

From the website Daily Yonder:

Declining housing prices, combined with a sharp rise in high-cost loans, were important factors in the recent mortgage and foreclosure crisis that has affected metro and non-metro housing markets alike. The most recent data show that non-metro residents were slightly more likely than metro residents to have obtained high-cost loans just prior to the recession.

Full story is here.

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