Seeing More Red

After watching a video on the Dorchester community gathering together to combat foreclosures and evictions that plagued the town the Boston Globe highlighted that "mortgage meltdown" is still continuing and is spreading to more suburban towns, which before was spared the hit of the housing crisis. All Massachusetts residents are feeling the impact of the economy, and the article noted that more foreclosures are coming from vacation spots and in white collar suburban areas. The large unemployment rate is impacting more homeowners making more at risk for foreclosures. The article pointed out that the city of Lynn has reached out to homeowners at risk of losing their homes. The Lawrence-Methuen labor market had a 13.7% unemployment rate in December, while the Lowell-Billerica-Chelmsford market had a 9.7% unemployment rate in December, proving that more cities and towns need to follow the help Lynn and Dorchester community organizers are giving to their citizens to help better prepare them before it's too late.