Hover over main image to zoom
Jennifer Hinojosa and Edwin Melendez
Issued June 2018; 24 pages
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. This report examines the housing crisis, which commenced in 2006, and how the spike in foreclosures after Hurricane Maria suggests that vacant units are increasing at an accelerated rate.