Foreclosed homes in US increased in value almost twice as much as others

Homes that were foreclosed during the housing crisis in the United States have gained almost twice as much value as other homes, according to a new analysis. But the original owners of those homes have not benefited from that recovery as low end homes were much more likely to be foreclosed, the report from real estate firm Zillow shows. It explains that during the run-up to the housing bubble, many low income earners bought homes, and the home ownership rate rose from about 65% in the middle of ...