From 2005 to 2010, foreclosure filings increased by 239%, to a total of 2.9 million affected properties.
Despite the increases in family homelessness seen during the recession, there has been no nationwide data collection effort to track the relationship between foreclosure and trends in homelessness.
ICPH finds that without proper data collection, solid policy responses will be difficult to develop. In this report, ICPH summarizes existing research on the link between homelessness and foreclosures and offers direction for future research.
Across the nation, one in every 46 properties entered foreclosure in 2009. States in the southwest in particular were affected by the crisis. New Jersey falls in the range of having one in every 46-74 properties that entered foreclosure in 2009.
ICPH suggest that states with sharp increases in foreclosure also experienced a rise in homeless households. Using annual foreclosure filing data between 2006 and 2009 and point-in-time homelessness counts between 2007 and 2010, the researchers identified a strong correlation between the increase in foreclosures and homelessness rates in California.