Foreclosure Nation

TUCSON - North Soledad Avenue is wide and perfectly curved. The ranch houses along the street are set atop desert yards that require little maintenance: palm trees and prickly pear cactuses, gravel or stone or red pebbles. This was the dream - a quiet and peaceful block tucked within the suburba...

• Read More
• Comments

The city on a hill and the last, best hope of mankind has entered a new period in its history. We are now America, the downwardly mobile. The problem isn't due to the recession. Would that it were. The decade just concluded is the first in which Americans, on average, have seen their incomes dec...

• Read More
• Comments

• Robert B. Reich, secretary of labor in the Clinton administration, professor of public policy at the University of California, Berkeley, and the author of the forthcoming “Aftershock: The Next Economy and America’s Future,” Published the following opinion ibn last week’s NYT. It also illustrate...

• Read More
• Comments

According to the National Foundation for Credit Counseling many Americans are having trouble coming up with a 20% downpayment. Usually only a problem for first time buyers. But now no on has equity when they sell. Average home price is just under %200K, 20% down is $40k. Those with poor credit ne...

• Read More
• Comments

More singles are buying homes in suburbia, reports Coldwell Banker, which conducted a nationwide survey of single home owners on the factors that motivated them to buy. Here are some figures that reflect the reasoning behind their choices: 52 percent chose the suburbs over urban or rural areas...

• Read More
• Comments

A recent study by the Florida Association of Realtors reflects some facts about the real people behind the foreclosure statistics you may not always think about; The problem is not limited to low income homeowners. Over 20% have incomes in the $50,000 to $75,000 range. Another 20% have incomes ...

• Read More
• Comments

Fannie Mae recently released its survey of homeowners. Some of the mroe interesting opinions expressed; More than 1/2 of the homeowners surveyed said they are making personal sacrifices to own their home 24% saying they are “sacrificing a great deal.” 88%, including 70% who are delinquent...

• Read More
• Comments