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Places in each state that are still recovering from the 2000s

GOBankingRates Logo By Karen Doyle of GOBankingRates | Slide 1 of 51: Across the United States, most communities have recovered from the 2008 recession, which was precipitated by a housing crisis that swept the country. It began in 2006, when favorable interest rates and relaxed lending standards drove up prices. Buyers, some of whom were not well qualified, flooded the market. In 2008, mortgage lenders and investment banks began failing, and Fannie Mae and Freddie Mac entered government conservatorship. By June 2009, the unemployment rate was the highest it had been since 1982, according to CoreLogic.
Housing values across the nation have now recovered, but some areas are still struggling. GOBankingRates looked at the decline in home values since 2007, just prior to the crash, compared with the recovery that has taken place since 2012. Here are the places in each state that are still trying to pull out of the economic crisis of 2008.

See the areas that continue to struggle from the 2008 recession

Across the United States, most communities have recovered from the 2008 recession, which was precipitated by a housing crisis that swept the country. It began in 2006, when favorable interest rates and relaxed lending standards drove up prices. Buyers, some of whom were not well qualified, flooded the market. In 2008, mortgage lenders and investment banks began failing, and Fannie Mae and Freddie Mac entered government conservatorship. By June 2009, the unemployment rate was the highest it had been since 1982, according to CoreLogic.

Housing values across the nation have now recovered, but some areas are still struggling. GOBankingRates looked at the decline in home values since 2007, just prior to the crash, compared with the recovery that has taken place since 2012. Click ahead to see the places in each state that are still trying to pull out of the economic crisis of 2008.

© Jacqueline Nix / Getty Images

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