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- W1967771567 abstract "Over two million United States households have been affected by home foreclosure (or “home repossession”) in 2008 alone [1], and the epidemic shows no signs of abating. Following market downturns caused by the bursting of the dot-com bubble, mortgage interest rates were sharply lowered in the US and abroad [2],[3]. These actions resulted in massive home refinancing, dramatic increases in home demand, and higher home prices—from 1997–2006, home prices increased 124% in the US, with greater increases in Europe: 194% in Britain and 180% in Spain, and 253% in Ireland. Home ownership in the US also hit record levels [2],[3],[4] and was especially pronounced among racial/ethnic minorities, those of low socioeconomic status, and young adults [2], likely driven by the widespread availability of subprime mortgages [4],[5]. However, housing supply soon outstripped demand, prices dropped, and many homeowners—more than 7.5 million in 2005—owed more than their homes were worth [6]. Between 2006 and 2008, foreclosure filings increased 225% in the US [1].While the literature has not fully explicated the health effects of foreclosure, related exposures have been linked with increased risk for several mental and physical health conditions [7]–[13]. This, combined with the frequent finding that home ownership has largely positive associations with health and well-being [14]–[17], suggests that the current raft of home foreclosures may represent an increasing health threat." @default.
- W1967771567 created "2016-06-24" @default.
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- W1967771567 date "2009-06-16" @default.
- W1967771567 modified "2023-09-24" @default.
- W1967771567 title "Will the Public's Health Fall Victim to the Home Foreclosure Epidemic?" @default.
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- W1967771567 doi "https://doi.org/10.1371/journal.pmed.1000087" @default.
- W1967771567 hasPubMedCentralId "https://www.ncbi.nlm.nih.gov/pmc/articles/2688077" @default.
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- W1967771567 hasPublicationYear "2009" @default.
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