housing bust - Articles

Echoes of Housing Boom in 'Real Housewife' Teresa Giudice's Fraud Case

By Erika Riggs It's not usually a good sign when news about a reality TV star's financials get airtime on CNN. But that's what happened this week when allegations of fraud against Teresa and Joe Giudice emerged, with news reports saying that the "Real Housewives of New Jersey" star and her husband are charged with 39... Continue Reading »

Tom Roeser Buys Up Town's Foreclosure Stock to Keep It Thriving

By Les Christie Tom Roeser is on a one-man mission to save Carpentersville, Ill., from falling into the fate of so many post-industrial Midwestern towns, where neighborhoods have become littered with vacant, foreclosed homes. Over the past several years, the 60-year-old president and co-owner of the town's largest... Continue Reading »

Lifelong Renters Dodged the Housing Bust but Not Buying a Home Could Cost Them

Isra Hashmi is one of the lucky ones. And even so, she's watched her mother sink under a $700,000 mortgage for a home in California that she never could afford to begin with on a physician's income. Hashmi's mother eventually had to walk away from the house. She's seen her brother have to abandon his home, too, after... Continue Reading »

Home Asking Prices Log Biggest Year-Over-Year Jump Since Recession

By Jed Kolko In August, home asking prices rose 2.3 percent year over year, the largest annual jump reported yet by online listing service Trulia's Price Monitor and the largest year-over-year increase since before the recession. Excluding foreclosures, asking prices rose nationally 3.8 percent year over year. The... Continue Reading »

Single-Family Rental Houses Draw Millions Impacted by Foreclosure Crisis

After splitting from her husband, Tami Wingfield couldn't afford to keep up with the mortgage on the home that they had shared. The monthly $1,600 bill was too much for her to bear alone, and in 2008, she lost the house to foreclosure. Like many people who lost their homes in the housing collapse, Wingfield decided the... Continue Reading »

Housing Bust Puts Brakes on Decades of Suburban Sprawl

WASHINGTON -- Stung by high gasoline costs, outlying suburbs that sprouted in the heady 2000s are now seeing their growth fizzle to historic lows, halting American city dwellers' decades-long exodus to sprawling homes in distant towns. New census estimates as of July 2011 highlight a shift in population trends,... Continue Reading »

Homebuyers Remain on the Sidelines

WASHINGTON -- The homebuying season was a bust. March through August are typically the peak buying months. But this year, Americans bought fewer new homes in that stretch than in any other six-month period since record-keeping began a half-century ago. And sales of previously occupied homes didn't fare much better.... Continue Reading »

A Tale of Two Housing Markets

In America, it's starting to feel as if there are two housing markets. One for the rich and one for everyone else. Consider foreclosure-ravaged Detroit. In the historic Green Acres district, a haven for hipsters, a pristine, three-bedroom brick Tudor recently sold for $6,000 -- about what a buyer would have paid during... Continue Reading »

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