March 18, 2020, 12pm PDT
The federal government has announced a critical effort to stabilize the economy as the country addresses the coronavirus pandemic.
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.
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.
September 5, 2018, 7am PDT
Call it a tale of two housing markets.
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.
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.
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.
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.
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.
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.
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.
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.
November 6, 2014, 8am PST
Anna Clark has the scoop about the latest wrinkle in the blockbuster Detroit blight auction: the surprise, mysterious bid for 6,000 parcels if off the table.
October 27, 2014, 9am PDT
Karin Weise reports that an anonymous bidder will pay $3.2 million to purchase 6,000 foreclose homes in Detroit.
July 21, 2014, 6am PDT
The residents of Camden County in New Jersey, across the Delaware River from Philadelphia, banded together to catalog the abandoned properties in their neighborhoods, where the problem of abandoned, or "zombie" properties, is growing.
June 23, 2014, 10am PDT
Louisville, like many other cities around the country, has been working hard to reduce the number of abandoned buildings. Recent efforts have provided the city with a new road map for blight reduction.
January 19, 2014, 9am PST
Foreclosures, the defining signifier of the Great Recession for many Americans, are coming to a screeching halt in Colorado. In fact, the state’s foreclosure rate improved at about twice the national average between 2012 and 2013.
November 20, 2013, 8am PST
Since it announced a plan to combat foreclosures by using eminent domain, Richmond, CA has been beset by opposition from Wall Street and Washington. Despite the threats, other cities are exploring using the controversial tool.
August 13, 2013, 2pm PDT
The housing crisis is alive and well in Maryland, as a second wave of foreclosures inundates the state. Though thousands of residents may be forced out of their homes, experts are confident the properties "will be snatched up quickly."