Nearly half of the commercial real estate in the U.S. is underwater, according to Elizabeth Warren, Chair of the Congressional Oversight Panel. She is concerned that a coming crisis could sink the current recovery.
Jul 19, 2010 Blueprint America
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
Millions of American homeowners are underwater facing the loss of their home, causing devastating effects on the national and local economy. But when a homeowner decides to walk away from his or her home, is that a sign of crisis or a shrewd move?
May 29, 2010 McClatchy Newspapers via Fresno Bee
A recent survey from UNLV suggests that 40% of the residents of the Las Vegas metropolitan area would prefer to leave the state.
Apr 1, 2010 Las Vegas Sun
The new plan includes controversial ideas like moving underwater homeowners to government-backed FHA loans and giving grace periods to unemployed owners.
Mar 27, 2010 The Wall St. Journal
The Feds have $1.5 billion to help homeowners at risk of losing homes to foreclosure. Deciding just which homeowners to help is no easy task. This article looks at the decision-making process in Arizona, one of the five states receiving federal aid.
Mar 24, 2010 The New York Times - Business
A group of investors bought New York City's Stuyvesant Town and Peter Cooper Village in 2006 at the height of the market for $5.4 billion. The speculative deal is now underwater and the investors have decided to walk away from their loans.
Jan 26, 2010 The Wall St. Journal
About 2.5 million homes have been converted into rental units since 2007 as homeowners try to wait out the loss in value of their properties, according to a new study.
Sep 15, 2009 The Huffington Post
Willingness to default on home loans has been found to increase in ZIP codes with high foreclosure rates, leaving foreclosure-heavy Las Vegas in danger.
Aug 8, 2009 The Las Vegas Sun