Foreclosures Hit Cleveland Hard

This segment from NPR looks at the city of Cleveland and examines how foreclosures have devastated the city and many of its neighborhoods.

1 minute read

May 27, 2008, 7:00 AM PDT

By Nate Berg


"Since 2000, Cuyahoga County, which encompasses Cleveland, has recorded 80,000 foreclosures - the most per capita in the country. Nearly 19 percent of those foreclosures occurred last year, according to city statistics."

"The roots of Cleveland's ballooning foreclosure crisis took hold in the 1990s, according to county Treasurer Jim Rokakis. He says he began noticing an alarming increase in the number of home loans that had no visible means of support. Many borrowers were speculators who took advantage of offers touting no money down and cash back at closing."

"Often, a single speculator would buy up multiple homes, hoping to cash in at the close, Rokakis says. He cites one speculator who bought up at least five homes in Cleveland."

"'And until the bubble burst in sometime around October of 2006, it was a wondrous operation,' he says."

Saturday, May 24, 2008 in NPR

Lake Powell with much of the water evaporated.

Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River

Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.

October 30, 2026 - Yale Environment 360

A road in north eastern Nebraska with power lines on either side, and grassy fields.

Eastern Nebraska is running out of electricity

Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.

November 6, 2026 - Grist

People walking in downtown St. Louis, walking past shops.

Move over, LA: St. Louis gears up for Olympics, invests millions in downtown redevelopment

The Missouri city will host the 2028 Olympic soccer group stage and knockout matches.

November 1, 2026 - Smart Cities Dive

construction near Boston, with machinery digging at large pit.

Mass. votes against statewide minimum lot size for single-family homes

Over 2 million residents voted on Question 7; it was decided by just over 30,000 votes.

3 hours ago - GBH

A bridge over the Chesapeake Bay in Maryland.

Maryland’s $15 billion bridge project gains key approval

The Maryland Transit Authority said the project will create over 60,000 jobs and add $23 billion to the local economy.

4 hours ago - WTOP News

A crowd of people cheering for an unseen performer.

‘No clear next steps’ for Chicago's permanent festival grounds

Eleventh Ward Ald. Nicole Lee has suggested Soldier Field as a possible location for the permanent event space.

5 hours ago - Chicago Sun Times

FREE Course: Walkable City 1: Why Walkability?

After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.

Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold

The course focuses on the opportunities and imperatives that shape reinvention of mall sites.