Mortgage Crisis

August 14, 2009, 5am PDT
The Congressional Oversight Committee tasked with looking into the economic crisis says in a new report that there is a continuing risk of banks holding onto troubled assets, including real estate. Minnesota Public Radio talks to noted experts.
Minnesota Public Radio
August 4, 2009, 2pm PDT
James Surowiecki dispels the myth that banks are better off renegotiating mortgage then foreclosing.
The New Yorker
June 8, 2009, 6am PDT
Schadenfreude is a German concept that means "taking pleasure in the suffering of others." Columnist Meghan Daum is experiencing 'debtenfreude'; the pleasure in watching house flippers and McMansion builders fall to the economic downturn.
Los Angeles Times
April 23, 2009, 12pm PDT
New census data released Weds. shows that fewer Americans moved this year than in any year since they started keeping track back in 1947.
The New York Times
April 16, 2009, 8am PDT
General Growth Properties, the 2nd largest mall operator in the nation, declared bankruptcy this morning. The company was felled by mounting debt from short-term mortgages it used to expand its holdings.
The New York Times
March 17, 2009, 7am PDT
Its political and financial leaders have long insisted that Canada was insulated from an American-style subprime mortgage crisis. However, a Globe & Mail study reveals that western Canada is facing an "alarming" rate of foreclosures.
The Globe and Mail
March 16, 2009, 9am PDT
The revitalization of downtown Los Angeles took another hit this week, as real estate firm Meruleo Maddox Properties Inc., the largest private landowner in the area, revealed that it may have to file for bankruptcy protection.
The Wall St. Journal
March 15, 2009, 1pm PDT
In a recent feature in Time Magazine called 'Ten Ideas Changing the World Right Now,' no. 2 on the list is 'Recycling the Suburbs.'
March 9, 2009, 1pm PDT
With roughly 10,000 foreclosures in the last two years, Cleveland has been hit hard by the economic crisis.
The New York Times
February 25, 2009, 1pm PST
If the government bails out banks, it also better put aside money for structural reform that ensures the proper valuation of property. According to Elena Panaritis, a housing market driven by speculation catalyzed the recession in the first place.
February 15, 2009, 1pm PST
David Axelrod, senior White House aide to President Obama, announced this morning that the President is about to present a new plan for to halt foreclosures and stop falling real estate prices.
The Wall St. Journal
January 16, 2009, 12pm PST
The latest figures show that one out of every 54 households were in foreclosure in 2008; analysts expect millions more foreclosures in the coming year.
Foreclosures up a record 81% in 2008
January 13, 2009, 2pm PST
The question is no longer how to improve the suburbs, says Allison Arieff, but what we're going to do with all the leftover buildings and unfinished sites.
The New York Times
December 29, 2008, 8am PST
The latest figures show a dramatic drop in housing starts across the United States -- a sign, according to Dean Baker, that builders are having trouble securing credit.
Center for Economic and Policy Research
December 22, 2008, 2pm PST
The Bush Administration's ideology of homeownership combined with a lack of oversight contributed significantly to the collapse of the housing market and the present economic crisis, according to this New York Times investigation.
New York Times
December 22, 2008, 1pm PST
With a record amount of commercial real-estate debt coming due, some of the country's biggest property developers have become the latest to go hat-in-hand to the government for assistance.
The Wall St. Journal
December 4, 2008, 5am PST

It is a confusing time for cities and the people who work for them. On the one hand, the recent election showed a groundswell of support for new investment in infrastructure.

Nate Berg, Tim Halbur
November 26, 2008, 6am PST
Vallejo, CA declared bankruptcy last spring, felled by fiscal mismanagement and falling property taxes. Cities around the country are looking to Vallejo's example as they teeter near the edge.
Governing Magazine
November 25, 2008, 7am PST
Latest figures are indicating that as many as 4 in 10 mortgage holders in America could soon be "underwater," with the potential for millions to simply walk away.
McClatchey Newspapers
November 24, 2008, 11am PST
Des Moines, IA is one of 28 metropolitan areas that have seen home prices go up in the third quarter, according to the National Association of Realtors.
The Des Moines Register