Last Updated Stories in Housing Crisis

Event to Find Homes for Abandoned Pets in No-Kill Animal Shelter

In an effort to provide homes for abandoned pets, a no-kill animal shelter located in Gilbert, Arizona decided to launch an event that focused on animal adoption. " It is a sad fact that as the housing crisis crew...

Housing Crisis—how can immigration help?

Immigrants can save the U.S. housing market. That was the underlying message of an op-ed piece by Gary Shilling and Richard Lefrak that ran in The Wall Street Journal on March 17, 2009.  The solution they propose is simple. If an immigrant family can come up with a...

Housing crisis puts families on the streets of L.A.

   The worsening economy has left many families in Los Angeles with no other option but to live on the streets.    There are an estimated 80,000 homeless people living in Los Angeles, according to a 2007...

Slums of the Future

President Obama will hit the road on Tuesday to sell his economic recovery plan to America. He will begin in a community called Lehigh Acres in Ft. Myers, Florida which has been dubbed “ground zero” of the...

New York City Launches Better Way to Restore Foreclosed Homes

New York City Mayor Michael Bloomberg announced he is going to spend the $24 million given by the U.S. Department of Housing and Urban Development to repair foreclosed homes and then resell them under a scheme that...

Obama Administration Expected to Address Foreclosure Crisis

The economic difficulty that the country has been experiencing is mainly attributed to the foreclosure crisis. Now that the country has a new president, the housing problem is expected to be among the first to be...

Bloodbath in California housing market

These are some very scary numbers.  If you want into the market in Northern California you can now pick up property at almost half what it was going for a year ago."Despite an increasingly uncertain economy,...

What would you do if you lost everything tomorrow?

The NY Times, freakanomics blog writes:"These are the economic times that try men’s souls, and women’s too. In the past few months, a lot of people have seen their net worth fall substantially, and I’m sure...

Mortgage Meltdown and Foreclosure Homes Generated by Unemployment

With this boiling economic crisis hurling across the country, the number of foreclosure homes have steadily risen for several months reaching a staggering 71% last September, instigated by an unemployment wave...

Neel Kashkari: Paulson's $700 billion man

The U.S. Treasury will name Neel Kashkari, assistant secretary at the department, to head the new Office of Financial Stability and manage the administration of the $700 billion bailout plan.  Neel Kashkari...

Gov Insured mortgages more than triple in a year

WASHINGTON, D.C. (August 18, 2008) — The government-insured share of mortgage applications tripled in the past year according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Of all mortgage applications accepted during the month...

Foreclosure Crisis Still Rearing Its Ugly Head

It seems that the tough times in the market are still not over. If you check out the data gathered from the month of July, it shows that foreclosure filings increased by 8 percent from the previous month and 55...

California Faces Another Foreclosure Wave

Sitting at the heart of the national housing crisis, the Central Valley in California faces new foreclosure challenges as the prices of basic commodities rise and household incomes contract. This situation is...

Phoenix AZ Experience 534% Rise in Foreclosures; Worst Yet to Come

Residents and local officials of Phoenix have really something to worry about. According to the latest data, there was a 534 percent increase in the number of foreclosure filings for the first half of the current...

Distressed Borrower Commits Suicide Over Foreclosure

Less than two hours before her home was scheduled to be auctioned, a Massachusetts woman decided to commit suicide by shooting herself. This unfortunate news shocked Americans and forced many to think if it is a...

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