Nov 17th, 2008 · Lancaster, Calif., is a high desert community on the far outskirts of Los Angeles. Officials there are spending millions of dollars to fix up foreclosed properties and make them into affordable housing. The Department of Housing and Urban Development has announced $4 billion worth of grants to local development agencies to do the same thing.
Nov 10th, 2008 · A working class Latino neighborhood in East San Jose is a great place to see the small and large impact this economic crisis is having on people. Hundreds of houses in the Mayfair neighborhood are being foreclosed, and people aren't buying more than essentials.
Nov 1st, 2008 · The original $700 billion bailout plan passed last month has changed quite a bit from how it was originally described. Also, Republicans and Democrats reportedly are duking it out over whether to focus on tax cuts or increased spending in the next stimulus bill.
Jul 1st, 2008 · Residential construction has plummeted, due to the huge number of foreclosed homes. Alex Cohen speaks with Janet Babin about whether things will be looking up for contractors anytime soon.
Jun 13th, 2008 · Faced with a wave of foreclosed properties, Minneapolis moves to create incentives for people to buy and live in the houses in a largely poor area of the city. But the city faces competition from private investors, whom it fears will buy up houses to rent cheaply.
May 6th, 2008 · In Florida, California and anywhere there are condominiums, rising numbers of owners are delinquent on their dues. Making the problem worse is that even after banks foreclose, they often don't pay association fees — leaving many condo associations in desperate circumstances.
Apr 22nd, 2008 · As the U.S. real estate market falls further into decline, some cities where properties are going particularly cheap are seeing a strange revival. In Detroit, where foreclosed houses can be found on nearly every block, foreign and domestic investors are buying up bargain homes in bulk as long-term investments.
Apr 3rd, 2008 · The Senate's new plan to battle the housing crisis includes tax breaks for homebuilders and tax credits to those buying foreclosed homes. It includes little helping people who are facing foreclosure, however.