Even in the Washington D.C. region, which survived the Great Recession with one of the strongest economies in the country, foreclosed and vacant homes are a stubborn presence in many neighborhoods, including affluent ones.
Jan 15, 2013 The Washington Post
A new report by Oakland, CA nonprofit Urban Strategies Council reveals that a massive surge has occurred in investor-speculator ownership in the city's low-income neighborhoods in the wake of the foreclosure crisis.
Jul 2, 2012 InfoAlamedaCounty.org
President Obama's multi-billion dollar proposal to help homeowners involves providing them refinanced, government-backed loans. The plan is not without its doubters, however.
Feb 7, 2012 PBS NewsHour
From movie sets to pot farms to low-income housing, foreclosed homes have been converted in unepected and resourceful ways. Catherine Rampell reports.
Jan 11, 2012 The New York Times
The city of Pacoima, CA is going ahead with a new program that transforms foreclosed homes into pocket parks. Vacant lots are being considered in addition to 10 foreclosed sites.
Nov 25, 2011 LA Daily News
In Merced, California, students fill in the large homes chockablock with amenities and left vacant by a high foreclosure rate. Rents often go for under $300 a month.
Nov 15, 2011 The New York Times
Until the foreclosure process is finalized, apartment buildings are the responsibility of no one in particular. Around New York City, writes Chris Opfer, foreclosing banks are increasingly being given the task of maintaining and repairing them.
Oct 6, 2011 Gotham Gazete
What's not known is how many of the homes are investments, or primary or secondary residences, but it's clear that the foreclosure rate for mortgages exceeding $1million is higher than for lower priced homes, according to the New York Times analysis.
Jul 11, 2010 The New York Times - Economy
Texas' strict banking regulation may be partially responsible for its economic health.
Apr 5, 2010 The Big Money
One in five Detroit homes is in foreclosure and asking prices are dropping to extreme lows. Many in the city question what lies in the future for the struggling city.
Mar 7, 2010 Guardian