A hastily drafted moratorium on foreclosures has kept many New Yorkers in their homes. It’s about to change.
New York City has been the big holdout in the U.S. housing meltdown. Wealthy foreigners flush with weak dollars and a finite supply of pricey Manhattan condominiums have kept the market moving.
But the New York hiatus from a […]

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WASHINGTON - The number of homeowners stung by the rout in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with June a year ago, according to data released Thursday.
Nationwide, 252,363 homes received at least one foreclosure-related notice in June, up 53 percent from the same […]

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As mortgage defaults and foreclosures continue to rise, the impact is spreading well beyond those who are losing their homes.
In communities across the country, msnbc.com readers report that local governments are coping with shrinking tax rolls, lenders are saddled with more foreclosed homes than they can sell and empty homes in many neighborhoods are being […]

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SAN DIEGO (Reuters) - As though Southern California’s fine weather and beaches weren’t attractive enough, a San Diego developer desperate to clear inventory is offering potential home buyers a buy-one-get-one-free scheme.
In a market beset with foreclosures and plummeting sales following the mortgage meltdown in 2007, Michael Crews Development will give away a row home […]

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Arizona is one of the states hit hardest by the housing slump.
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WASHINGTON (AFP) - Home prices in major US cities slumped an average of 12.7 percent year-to-year in February, a survey showed Tuesday in a sign of even deeper troubles for the ailing housing market.
The Standard & Poor’s/Case-Shiller index of prices in 20 major cities showed a 14th consecutive month of declines, as the market meltdown […]

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BusinessWeek Online - The suburban landscape has been marred by foreclosures and half-built communities abandoned in the subprime aftermath. But James Howard Kunstler, author of a dozen books, including The Geography of Nowhere: The Rise and Decline of America’s Man-Made Landscape, thinks there’s a bigger threat to those far-flung neighborhoods: the scarcity of oil. As […]

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It’s a nationwide crisis — foreclosure rates are at record high levels, with an estimated 2,000,000 Americans at risk of losing their homes.
Here in Austin, the mortgage mess means many are being forced to give up a beloved part of their life — the family pet.
Lalya Hanna at Austin’s Humane Society said they’ve definitely seen […]

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