Document Type
Report
Publication Date
6-2018
Abstract
By all counts, Puerto Rico’s housing market is in a deep and prolonged crisis. At least 18 percent of Puerto Rico’s housing stock is vacant as a result of the island’s prolonged economic recession, which commenced in 2006, and the spike in foreclosures after Hurricane Maria suggests that vacant units are increasing at an accelerated rate. Puerto Rico’s economic recession led to depopulation and the loss of jobs, which induced a decline of home equity values and an increase in foreclosures. More recently, Puerto Rico’s housing stock has been damaged due to Hurricane Maria, which devastated the island on September 20, 2017.
Included in
Demography, Population, and Ecology Commons, Economics Commons, Infrastructure Commons, Migration Studies Commons, Other Public Affairs, Public Policy and Public Administration Commons
