Most victims of foreclosure stay close to home

11/13/2013 | USA Today

The breadth of the 2008 recession prompted most people who lost their homes to remain in the same area. In 2009 and 2010, fewer than 11 million people left their home counties, the lowest levels since 1947, according to the Census Bureau. A UCLA study found that in 2010, more that 24 million people made moves within their towns, many to cheaper housing. Minority groups are disproportionately affected by these forced moves, according to the Center for Responsible Lending.

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