housing crunch

A Look Inside the Housing Crisis

The Cleveland Federal Reserve just posted a series of maps on its web site detailing the impact of the Housing Crisis on Cleveland, which is one of the hardest hit cities out there.

Homes facing foreclosure more than doubled in 1Q from 2007

The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left many homeowners powerless to prevent homes from being auctioned to the highest bidder, a research firm said Monday.

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