With roughly 10,000 foreclosures in the last two years, Cleveland has been hit hard by the economic crisis.
Mar 9, 2009 The New York Times
If the government bails out banks, it also better put aside money for structural reform that ensures the proper valuation of property. According to Elena Panaritis, a housing market driven by speculation catalyzed the recession in the first place.
Feb 25, 2009 Guardian
David Axelrod, senior White House aide to President Obama, announced this morning that the President is about to present a new plan for to halt foreclosures and stop falling real estate prices.
Feb 15, 2009 The Wall St. Journal
The latest figures show that one out of every 54 households were in foreclosure in 2008; analysts expect millions more foreclosures in the coming year.
Jan 16, 2009 Foreclosures up a record 81% in 2008
The question is no longer how to improve the suburbs, says Allison Arieff, but what we're going to do with all the leftover buildings and unfinished sites.
Jan 13, 2009 The New York Times
The latest figures show a dramatic drop in housing starts across the United States -- a sign, according to Dean Baker, that builders are having trouble securing credit.
Dec 29, 2008 Center for Economic and Policy Research
The Bush Administration's ideology of homeownership combined with a lack of oversight contributed significantly to the collapse of the housing market and the present economic crisis, according to this New York Times investigation.
Dec 22, 2008 New York Times
With a record amount of commercial real-estate debt coming due, some of the country's biggest property developers have become the latest to go hat-in-hand to the government for assistance.
Dec 22, 2008 The Wall St. Journal
It is a confusing time for cities and the people who work for them. On the one hand, the recent election showed a groundswell of support for new investment in infrastructure. Exclusive
Dec 4, 2008 By
Vallejo, CA declared bankruptcy last spring, felled by fiscal mismanagement and falling property taxes. Cities around the country are looking to Vallejo's example as they teeter near the edge.
Nov 26, 2008 Governing Magazine