Impact of foreclosure crisis felt most in Hispanic, black communities

Source: Michele Lerner, Washington Post (Paid Registration)

More than a decade after the housing crisis, the effects of the wave of foreclosures are still vivid to most people, particularly those who lost their home. As home values skyrocketed after the recovery, families who lost their home and have yet to buy another have been unable to benefit from a growth in equity and the accompanying increase in their household net worth.

A new analysis of the fallout from foreclosures by Zillow found that black and Hispanic communities were hit harder than white communities. 

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