Mortgage Crisis

Over one half of Detroit's foreclosed homes are blighted or abandoned. Buyers who purchased the homes for as little as $1 have little incentive to keep them in good shape—or pay taxes.
8 hours ago   The Detroit News
Mortgage debt is crippling the housing market all over the country, and the homeowners who've taken on more debt than they can afford. Now, real estate interests and banking interests are battling over legislation intended to ease the pain.
Jun 23, 2010   The New York Times
Edward L. Glaeser says that the government policy of encouraging homeownership through tax breaks subsidizes Americans to buy bigger homes which waste energy.
May 8, 2010   The Boston Globe
The editors' choice of the most significant stories in the realm of urban planning, design and development of the "aughts" (2000-2009). The decade began with one crash and ended with another, but in between we've learned a lot about making cities. Exclusive
Jan 11, 2010  By Nate Berg
The Federal Reserve announced that 32% of loan applications were denied last year, and applications on the whole were down by a third from 2007.
Oct 1, 2009   Builder Magazine
Homeowners threatened with foreclosure are increasingly finding that a simple legal tactic is stalling the process.
Sep 23, 2009   Huffington Post
The Congressional Oversight Committee tasked with looking into the economic crisis says in a new report that there is a continuing risk of banks holding onto troubled assets, including real estate. Minnesota Public Radio talks to noted experts.
Aug 14, 2009   Minnesota Public Radio
James Surowiecki dispels the myth that banks are better off renegotiating mortgage then foreclosing.
Aug 4, 2009   The New Yorker
Schadenfreude is a German concept that means "taking pleasure in the suffering of others." Columnist Meghan Daum is experiencing 'debtenfreude'; the pleasure in watching house flippers and McMansion builders fall to the economic downturn.
Jun 8, 2009   Los Angeles Times
New census data released Weds. shows that fewer Americans moved this year than in any year since they started keeping track back in 1947.
Apr 23, 2009   The New York Times
General Growth Properties, the 2nd largest mall operator in the nation, declared bankruptcy this morning. The company was felled by mounting debt from short-term mortgages it used to expand its holdings.
Apr 16, 2009   The New York Times