Our Awful Situation

Archive for the ‘Housing Crisis’ Category

Communities suffer as foreclosure rate rises

Posted by Charlie Kilo on June 24th, 2008

This reminds me of Atlas Shrugged:

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 vandalized.

Like everything associated with the nation’s housing crisis, the fallout from foreclosures is very local, a fact confirmed by hundreds of e-mails from readers in msnbc.com’s Gut Check America. Some regions appear to have escaped relatively unscathed. But in hard-hit states like California, Arizona and Florida, readers report that some neighborhoods are becoming virtual ghost towns.

Senators’ mortgages under microscope

Posted by Charlie Kilo on June 24th, 2008

73,000 homes lost to foreclosure in May

Posted by Charlie Kilo on June 13th, 2008

Million US homes in foreclosure

Posted by patriot on June 5th, 2008

Mortgage Foreclosures Rise to New Heights

Posted by Charlie Kilo on June 5th, 2008

Mortgage Applications Hit 6-Year Low as Rates Surge

Posted by Charlie Kilo on June 4th, 2008

Misleading headline: End of US Housing Slump Likely to Be Long, Painful

Posted by Charlie Kilo on May 26th, 2008

A new use for SUV’s…call it “home”

Posted by Charlie Kilo on May 16th, 2008

Foreclosure filings continued to climb in April

Posted by Charlie Kilo on May 14th, 2008

Disappearing now: $6 trillion in housing wealth

Posted by Charlie Kilo on April 30th, 2008

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