College Towns Weather Foreclosure Crisis Better
April 19th, 2010
All bottom seven communities on the 2009 RealtyTrac foreclosure list are college towns, where local economies have been boosted by the rush to higher education. Burlington only saw 45 residential properties tagged with foreclosure notices in 2009, and not even all of them went to foreclosure. Only eight experienced the worst case scenario.
College communities typically do better in tough economic times as their local economies profit by growing enrollment due to high unemployment, getting more students to go after college degrees.
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