Tag: foreclosure
![Blocks that say recession and recover](https://crr.bc.edu/wp-content/uploads/2024/05/shutterstock_2173918003.png.webp)
The Great Recession is nearly gone from our collective memory. But for the people who lost a house to foreclosure in the subprime mortgage scam, the recession is still affecting their finances. The house is typically a worker’s largest asset. But 15 years after the foreclosure wave, the homeownership rate for the victims of foreclosur…
![A foreclosure sign](https://crr.bc.edu/wp-content/uploads/2024/02/shutterstock_97306490.png.webp)
Homeowners nearing retirement have 40 percent of their wealth tied up in their homes. But to what extent do racial disparities in employment affect workers’ ability to hold on to a home and build up that wealth? This question is at the heart of an ambitious study of U.S. homeowners that digs into whether stab…