Mortgage Crisis

November 11, 2008, 1pm PST
Almost 90% of the homeowners in Mountain House, CA, a planned smart growth community in the Central Valley, owe more on their mortgages than their homes are worth- the highest percentage in the country.
The New York Times
November 10, 2008, 6am PST
Afraid of losing their investment in a down market, homeowners aren't moving out of their neighborhoods - even if their jobs do.
The Christian Science Monitor
October 28, 2008, 1pm PDT
Dawanna Williams of Dabar Development Partners discusses the narrower options for mid-sized developers in the current financial climate.
The Architect's Newspaper
October 24, 2008, 5am PDT
The Urban Land Institute reports on their new study, which predicts the real estate market will hit bottom in 2009 and 'flounder' through 2010.
ULI's The Ground Floor
October 14, 2008, 11am PDT
Former Indianapolis Mayor Stephen Goldsmith is impressed by Mayor Christopher B. Coleman's efforts to revitalize depressed areas of his city, St. Paul. Coleman keeps the focus on increasing local investment through his 'Invest St. Paul' program.
Governing Magazine
October 14, 2008, 8am PDT
Yorktown was a booming exurb of Chicago, until the mortgage crisis put the kibosh on a number of developments in progress. Residents of these 'ghost towns' find themselves stuck with properties they can't sell.
Chicago Tribune
October 10, 2008, 7am PDT
Some 12 million households now owe more on their mortgages than their homes are worth, leading economists to worry that foreclosures will continue to rise.
MSNBC
October 9, 2008, 12pm PDT
Upon gaining the presidency, Senator McCain would make the federal government spend part of its bailout money on bad home mortgages, allowing homeowners to stay put and make payments that reflect their homes' lessened values.
Newsweek
September 27, 2008, 1pm PDT
Greenwich, Connecticut is a rich enclave of hedge fund managers- and thus is feeling the pain of the current financial crisis like a ton of bricks. Ned Lamont, a Greenwich resident who ran for Senate in 2006, says, 'This is our Katrina.'
The Wall St. Journal
September 21, 2008, 9am PDT
HUD Secretary Steven Preston said this week that the U.S. is facing a 'fundamental oversupply' of houses, which will continue to weigh down the economy.
Pittsburg Post-Gazette
September 8, 2008, 1pm PDT
The government takeover of Fannie Mae and Freddie Mac will likely bring lower interest rates, but tighter eligibility requirements and stricter monitoring of underwriting.
CNN
September 4, 2008, 2pm PDT
A foreclosed home in Lake Elsinore, CA has attracted some new residents- a family of bobcats.
The Press-Enterprise
August 27, 2008, 8am PDT
Boston, Minneapolis and San Diego are flipping houses in an effort to prevent neighborhood blight- a strategy that appears to be working.
The New York Times
August 25, 2008, 7am PDT
Witold Rybczynski wrote <em>The Last Harvest</em> about a new development being created in an exurban cornfield. NPR visits the half-finished community with Witold, which is suffering from the economic crisis.
NPR
August 17, 2008, 1pm PDT
While the mortgage crisis has hit hard in California and other prosperous regions, the cities that are sliding fastest into decline are still in the Rust Belt, with disappearing populations and bleak job prospects.
Forbes
August 5, 2008, 2pm PDT
<p>Early buyers in new housing developments are finding themselves stranded in virtual ghost towns as developers go belly up.</p>
Wall St. Journal
July 28, 2008, 2pm PDT
<p>Friends of the Earth president Brent Blackwelder and journalist James S. Henry believe that the federal bailout of Fannie Mae and Freddie Mac needs to come with some very green strings attached.</p>
The Nation
July 28, 2008, 6am PDT
<p>Exurban developments are struggling to control their rampant foreclosure rates and plummeting housing values.</p>
The Christian Science Monitor
July 18, 2008, 11am PDT
<p>The Freddie Mac/Fannie Mae crisis is resurrecting the debate over the role the federal government should play in the housing market.</p>
The Christian Science Monitor
July 14, 2008, 7am PDT
<p>Indianapolis has a growing problem with abandoned houses. To fight the blight, they're now selling the homes online.</p>
The Indianapolis Star