Housing
Canada's "Dirty Secret": Subprime Loans
Its political and financial leaders have long insisted that Canada was insulated from an American-style subprime mortgage crisis. However, a Globe & Mail study reveals that western Canada is facing an "alarming" rate of foreclosures.
New Orleans Endangers Funds by Not Using Them
Senator Mary Landrieu has threatened to take away some of New Orleans' unused federal dollars if they remain so. Of the unspent $34 million allocated for low-income housing, $11 million will be lost if there are no projects by May 31.
New Urbanists 1, Sprawl 0
Fast Company blogger Michael Cannell says the economic crisis stands to make big winners out of the new urbanists.
Housing on the Rise in American Metros
Cities are increasingly taking on a larger share of new residential development, according to a new analysis by the Environmental Protection Agency.
Sacramento's Growing Tent City
A tent city is burgeoning in Sacramento, Calif., prompting local officials to consider whether such an encampment should be made permanent, with plumbing and all.
Planning Paris' Makeover
Though challenged with facing a multi-tiered government, Nicholas Sarkozy has nonetheless devised one of the most ambitious plans ever for Paris. To reimagine this bolder, greener "Grand Paris," he has put 10 teams of architects and planners to work.
Homebuilders Pin Hopes On State Tax Subsidy
California is now offering buyers of new housing units a $10,000 tax credit. The tax break was pushed hard by homebuilders, who say the measure should boost housing starts.
Piecing Neighborhoods Together Out Of Foreclosures
In Detroit, a couple bought a foreclosure for $1900. They've been steadily piecing together a community out of their neighborhood ever since.
Negative Equity on Nearly One-Fifth of U.S. Homes
About one out of every five homes in America is worth less than what is still owed on its mortgage. The highest rates of negative equity are in Nevada, Michigan, Arizona, Florida and California.
Incentive Program to Ward Off 4 Million Foreclosures
The Obama Administration has outlined plans to assist nearly 4 million homeowners in danger of foreclosure. The total cost to taxpayers runs close to $75 billion.
Taking a Closer Look at the Slum
Slums have garnered some positive attention lately, from academics (Teddy Cruz) to royalty (Prince Charles). This article looks at just what it is we can learn from them, as well as the challenges that face legitimizing the world's shantytowns.
Crunch Leaves Thousands of Homes Half-Built or Abandoned
Thousands of homes in development are being halted and thousands more vacant new homes are being foreclosed across California, leading to crime, looting and squatting.
Builders Split Over Ban
Homebuilders may oppose a building moratorium at a time like this, but Pennsylvania Rep. Robert Freeman (D-Northampton) has not let up on his efforts to enact one to give communities a break from development and to discourage sprawl.
Mortgage Rescue Plan Rolls Out
Americans caught up in the foreclosure crisis can now apply for relief from the Obama Administration's new "loan modification plan."
Housing Prices Low, But Not Affordable
The housing market has bombed, bringing prices and values to devastating lows. But despite lower prices, affordable housing is still in too short of supply, according to this piece from Time.
Denver Gets TOD Fund
The City of Denver plans to spend more than $15 million over the next decade to purchase real estate near mass transit.
HUD's Budget Money
This brief from the New York Times outlines how federal budget money will be used by the Department of Housing and Urban Development.
Is Mayor Bloomberg Feeling Squeezed?
Starting with a tony 5-floor, 7,500 square foot townhouse on the Upper East Side, New York City mayor Michael Bloomberg has quietly bought 4 of the 6 neighboring townhouse apartments and combined them into what is now a 12,500 square foot mansion.
In Praise of Non-Profit Developers
John King of the San Francisco Chronicle trumpets the work of Bridge Housing in increasing the availability of quality affordable housing in the Bay Area. But is it enough? New studies say affordable housing is an uphill battle.
It Started, and Should End, with Real Estate
If the government bails out banks, it also better put aside money for structural reform that ensures the proper valuation of property. According to Elena Panaritis, a housing market driven by speculation catalyzed the recession in the first place.
Pagination
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