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."
July 30, 2013, 8am PDT
Richmond, California is prepared to become the first city in the U.S. to use eminent domain, a power traditionally utilized to force owners to vacate their land in the name of the public good, for the purposes of stopping foreclosures.
June 10, 2013, 7am PDT
Federal money earmarked to help prevent foreclosures and assist underwater homeowners will instead be used to fund housing demolitions in a $100 million pilot project in five Michigan cities.
June 2, 2013, 7am PDT
Ben Austen traces how foreclosures, crime, and depopulation have decimated areas in the South and West Sides of Chicago, and the 'do-it-yourself empowerment zones' that are trying to make use of vacant properties and turn around these neighborhoods.
January 25, 2013, 1pm PST
Although the nation's housing market appears to be improving, the foreclosure crisis is far from over. Following in the footsteps of other localities, Cook County, Illinois, is creating a countywide land bank to help address its foreclosures.
The Architect's Newspaper
December 14, 2012, 6am PST
Ohio has been one of the hardest hit states by the recent wave of foreclosures, with filings continuing to rise. Susie Cagle looks at the variety of state and local policies and programs arming communities with new tools to fight blight.