Rural Research Note, October 2009, 23 pages.
Our nation is experiencing one of the most extensive and painful economic crises of an entire generation. Housing markets are believed to be at the heart of the crisis, and millions of American households are having trouble meeting their mortgage payments and facing foreclosure or eviction. Rural America has been impacted by the housing crisis, but it is difficult to determine the extent of foreclosures in rural communities. To better understand the scope and severity of the foreclosure problem in rural areas, The Housing Assistance Council (HAC) compiled and analyzed several private and public sources of information on housing distress. Below are highlights of the findings from this brief investigation.