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
Latest figures are indicating that as many as 4 in 10 mortgage holders in America could soon be "underwater," with the potential for millions to simply walk away.
Nov 25, 2008 McClatchey Newspapers
Des Moines, IA is one of 28 metropolitan areas that have seen home prices go up in the third quarter, according to the National Association of Realtors.
Nov 24, 2008 The Des Moines Register
An industry expert predicted at ULI's fall meeting that the new home market could pick back up by 2010, followed by a rally in the resale market in 2011.
Nov 14, 2008 ULI's The Ground Floor
The Department of Housing and Urban Development says the new rules will help buyers understand broker's fees will limit fee increases, and they are currently seeking legislation to give them the power to enforce the rules.
Nov 13, 2008 The Wall St. Journal
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.
Nov 11, 2008 The New York Times
Afraid of losing their investment in a down market, homeowners aren't moving out of their neighborhoods - even if their jobs do.
Nov 10, 2008 The Christian Science Monitor
Dawanna Williams of Dabar Development Partners discusses the narrower options for mid-sized developers in the current financial climate.
Oct 28, 2008 The Architect's Newspaper
The Urban Land Institute reports on their new study, which predicts the real estate market will hit bottom in 2009 and 'flounder' through 2010.
Oct 24, 2008 ULI's The Ground Floor
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.
Oct 14, 2008 Governing Magazine