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Study: 1.2 million households lost to recession

By Implode-Explode Heavy Industries

" The study also shed some light on what happens to the people in those "lost" households. It?s widely assumed that many who lose a home to foreclosure become renters. But since the recession began, there has been a five-fold increase in ?overcrowding? of remaining households ? defined as more than one person per room, according to the study."

Full post as published by Mortgage Lender Implode-o-Meter on April 08, 2010 (boomark / email).