Underwater

While the 2000-year-old quest to locate the submerged island of Atlantis continues to this day, plenty of cities have suffered the same fate. The futurist website io9 looks at several "once-majestic" cities now buried beneath the sea.

September 19, 2013 - io9

Nearly half of the commercial real estate in the U.S. is underwater, according to Elizabeth Warren, Chair of the Congressional Oversight Panel. She is concerned that a coming crisis could sink the current recovery.

July 19, 2010 - Blueprint America

What's not known is how many of the homes are investments, or primary or secondary residences, but it's clear that the foreclosure rate for mortgages exceeding $1million is higher than for lower priced homes, according to the New York Times analysis.

July 11, 2010 - The New York Times - Economy

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?

May 29, 2010 - McClatchy Newspapers via Fresno Bee

A recent survey from UNLV suggests that 40% of the residents of the Las Vegas metropolitan area would prefer to leave the state.

April 1, 2010 - Las Vegas Sun

The new plan includes controversial ideas like moving underwater homeowners to government-backed FHA loans and giving grace periods to unemployed owners.

March 27, 2010 - The Wall St. Journal

The Feds have $1.5 billion to help homeowners at risk of losing homes to foreclosure. Deciding just which homeowners to help is no easy task. This article looks at the decision-making process in Arizona, one of the five states receiving federal aid.

March 24, 2010 - The New York Times - Business

A group of investors bought New York City's Stuyvesant Town and Peter Cooper Village in 2006 at the height of the market for $5.4 billion. The speculative deal is now underwater and the investors have decided to walk away from their loans.

January 26, 2010 - The Wall St. Journal

About 2.5 million homes have been converted into rental units since 2007 as homeowners try to wait out the loss in value of their properties, according to a new study.

September 15, 2009 - The Huffington Post

Willingness to default on home loans has been found to increase in ZIP codes with high foreclosure rates, leaving foreclosure-heavy Las Vegas in danger.

August 8, 2009 - The Las Vegas Sun