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Unemployment rises rapidly, bankruptcies multiply, layoffs become commonplace and homes lose value.
Borrowers who were current in their mortgage payments saw their homes lose value partly as a result of mortgage foreclosures.
Whether Americans might retrench for the long haul after seeing their homes lose value has been one of the biggest questions about the aftermath of the Great Recession.
For instance, Mr. Depew said, owners who put their Rex money into high-risk investments, and whose homes lose value, could be hit particularly hard.
Finally, even with the economy in vast disarray, there are millions of credit-worthy families who might buy a home if they were not so worried about seeing their new homes lose value.
The recent Skills for Care briefing on registered managers (pdf) highlighted that one in four care homes lose their manager each year and the figure is one in three for nursing homes.
Similar(49)
More than 50,000 homes lost electricity.
Among some older southerners, resentments linger over lost lives, lost homes, lost careers and lost hopes.
Most of the homes lost in the fire were uninsured or underinsured, she said.
There have been cases of chronic illness, crushing debt, lost jobs, lost homes, lost hopes.
Moreover, these people are concerned about negative effects on nature and their homes losing value [7].
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com