Planetizen - Urban Planning News, Jobs, and Education

Foreclosures

April 9, 2021, 5am PDT
Millions of American property owners are behind on mortgage payments and facing the prospect of foreclosure and eviction later this year.
Forbes
November 25, 2020, 9am PST
More and more homeowners are falling behind on mortgage payments as the pandemic lingers, according to recent market data.
The Orange County Register
November 2, 2020, 8am PST
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.
Next City
September 29, 2020, 9am PDT
How to keep affordable apartments and single-family homes out of the hands of institutional investors if the coronavirus pandemic leads to a giant wave of evictions and foreclosures.
Shelterforce Magazine
September 28, 2020, 5am PDT
Expectations that the economic downturn of the COVID-19 pandemic will create a wave of homeowners leaving the market, whether by choice or necessity, are driving big acquisitions by private equity firms and Wall Street investors.
The Wall Street Journal
August 11, 2020, 10am PDT
Elizabeth Warren and Carroll Fife warn about the potential for the worst housing market outcomes of the real estate and financial crisis of 2008 to repeat without action from federal and state lawmakers.
The Washington Post
July 28, 2020, 7am PDT
The housing market has yet to devolve like in 2008, thanks to a federal safety net put in place in March, but a wave of foreclosures is still a possibility as protections begin to expire.
Curbed
March 18, 2020, 12pm PDT
The federal government has announced a critical effort to stabilize the economy as the country addresses the coronavirus pandemic.
CBS News
December 19, 2019, 9am PST
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
November 24, 2018, 9am PST
The buyback plan diverts properties from Wayne County's tax foreclosure auction, keeping them in government hands until residents can repay the purchase price.
Detroit Free Press
September 5, 2018, 7am PDT
Call it a tale of two housing markets.
The Plain Dealer
January 29, 2018, 7am PST
National economic indicators may look good, but some areas are still clawing their way back from the 2008 recession. Cleveland's Slavic Village, an "epicenter" of the foreclosure crisis, is one of them.
Marketplace
September 10, 2017, 7am PDT
According to a new study, richer borrowers drove the economy off the cliff in the housing crash of the Great Recession.
Quartz
July 28, 2017, 7am PDT
The world's skinniest skyscraper, under construction on Manhattan "Billionaire's Row," is over budget with 60 stories left to build.
The New York Post
January 19, 2017, 1pm PST
It might seem obvious that vacant homes attract crime and other noxious elements to surrounding properties, but researchers are still working to quantify those external costs.
Next City
November 22, 2016, 8am PST
The Federal Reserve Bank of Cleveland provides an early assessment of a new foreclosure law in Ohio designed to help reduce vacant and blighted properties in the state.
The Federal Reserve Bank of Cleveland
April 13, 2016, 7am PDT
As prices rise, especially in desirable urban markets, what used to be called "starter homes" rarely come up for sale. And when they do, they go for more than first time home-buyers can afford.
The Washington Post
February 4, 2016, 11am PST
In an effort to bring relief to homeowners, the city will reduce property taxes on 95 percent of the city's residential properties.
The Detroit News
August 21, 2015, 1pm PDT
Clarifying some of the jargon that drives the land bank process in Cuyahoga County, Ohio reveals the importance and scale of neighborhood stabilization in some parts of the country.
Cleveland.com
March 31, 2015, 7am PDT
On the ground, combating gentrification means putting a stop to cost-driven displacement and evictions. Grassroots organizations in some of the hardest-hit cities have dedicated themselves to that task.
Next City