Underwater Mortgages

The housing crisis that made headlines during the Great Recession is proving far more persistent than the common narrative about over-priced coastal market allows. A new report by the Center for American Progress uncovers the facts on the ground.
Nov 3, 2015   The Atlantic
The narrative about the full recovery of the real estate market from the housing market crash of 2008 is only true in some parts of the country. In fact, an increasing number of homeowners owe more than their homes are worth.
Mar 22, 2015   The Washington Post - Wonkblog
Amanda Erickson explains how communities could wield the power of eminent domain to rescue residents with "underwater" mortgages, by condemning homes and allowing owners to refinance their mortgages and pay a new, lower rate.
Aug 14, 2012   The Atlantic Cities