by Lance George
In 2008 the U.S. economy fell off a cliff. Depending on your perspective it either slipped or was pushed from that precipice by the housing markets. In 2009 and 2010, when the crisis was arguably at its worst, the Housing Assistance Council began receiving frequent inquiries from the press and others asking, “How is the housing crisis affecting rural America?” We simply had no answer. Mortgage and foreclosure data were virtually nonexistent for most rural areas.
After six years and some hindsight, we are asking some questions ourselves. Is the crisis over? And what are the lingering effects? These seemingly basic inquiries still prove challenging, particularly from the rural perspective. So we sought assistance from four affordable housing experts to help answer these questions.