Ten years after the Great Recession the global economy has recovered in many ways. Middle-class earnings are growing, and the U.S. is experiencing a rock-bottom unemployment rate.
Despite this, the Great Recession altered American’s relationship to home ownership and the housing market
. Years of faulty subprime mortgage pricing lead the foreclosure rate to double in the wake of the crisis. A decade later
the foreclosure rate is just now coming down to pre-recession levels. Even Americans who have not foreclosed on their homes are still paying off mortgages for homes that are now worth exponentially less than what they were bought for.