A digest of events, trends, issues, ideas and journalism from and about rural America, by the Institute for Rural Journalism, based at the University of Kentucky. Links may expire, require subscription or go behind pay walls. Please send news and knowledge you think would be useful to benjy.hamm@uky.edu.
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Tuesday, November 16, 2010
Rural home foreclosures outpace others in Mass.
A Massachusetts study has found that home foreclosure is more common in the state’s suburban and rural communities than in the Bay State's cities. The Massachusetts Housing Partnership blames the shift on "a persistently high unemployment rate and the stagnant economy have become major drivers of bank seizures," as opposed to the 2007 phenomena of "high-interest mortgage loans, high-risk borrowers, and plummeting property values," Jenifer McKim of The Boston Globe reports.
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