Millions of American property owners are behind on mortgage payments and facing the prospect of foreclosure and eviction later this year.
Although homeowners have so far accessed financial relief from the pandemic much more easily than renters, housing counselors are bracing for a foreclosure crisis as forbearance terms start to end.
The state of California is trying to prevent a repeat of one of the most significant consequences of the Great Recession: large Wall Street interests buying for-sale housing in bulk for conversion to apartments.
Some areas of the country are experiencing stress in the housing market, according to the new CoreLogic "Loan Performance Insights" report, but overall it's a long-time since homeowners have been so stable.
The Dallas Morning News
The city has plans to increase affordable housing, but some areas are seeing more progress than others.
Call it a tale of two housing markets.
The Plain Dealer
A new report uses terms like epidemic and hyper-vacancy to drive home the point about the effects of vacancies on communities like Cleveland, Gary, Toledo, and Detroit.
The foreclosure crisis and the Great Recession have paved the way for a steady decline in homeownership. Many cities will never be the same.
A new survey finds that many Americans are still extremely pessimistic about the state of the housing market—many even believe that the worst of the mortgage foreclosure crisis that began in 2008 is yet to come.
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.
A snarky post written for The Atlantic identifies a forgotten culprit in the country's dropping homeownership rates: Generation X.
A new visualization tool by the Urban Institute provides a vivid portrait of an unfortunate truth: the foreclosure crisis and other effects of the Great Recession real estate market were worse for minority groups.
The Washington Post
A new study by Laura Wolf-Powers at the University of Pennsylvania finds inherent conflict in the three varieties of response by community development practitioners to the foreclosure crisis.
The Boston Globe provides an excerpt from the new book by Senator Elizabeth Warren, wherein she recounts her troubled reaction to a conversation with then Treasury Secretary Timothy Geithner.
The Boston Globe
The Inland Empire—suburban and exurban counties located to the east of Los Angeles—experienced some of the worst impacts of the housing crisis and recession. Yet, people still arrived there in droves during the recession.
Los Angeles Times
In the "Room for Debate" section of its Opinion Pages, <em>The New York Times</em> has gathered a series of ideas for fixing the struggling housing market from experts across the ideological spectrum.
The New York Times
Melinda Burns uses two California cities through which to investigate the reasons why the foreclosure crisis has impacted communities in dramatically different ways.
Abigail Gardner of Smart Growth America takes aim at a recent article based primarily on Wendell Cox's correlation of smart growth policies to the housing market bubble and collapse.
Richard Florida argues that edge cities ravaged by the recession should take cues from urban development patterns to spur growth.
The Wall Street Journal
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?
McClatchy Newspapers via Fresno Bee