The depressing economic statistics about housing in America are well known, but the numbers don't tell nearly the whole story. In this series, DailyFinance takes a look at troubled neighborhoods in cities across the country, where the lingering foreclosure crisis means empty houses, frustrated residents and broken dreams.
What happens when an award-winning new development goes bust before it's fully built? As part of a series looking at the real estate market in the U.S., DailyFinance takes a look at a town near Atlanta that is still struggling with the effects of the great real estate bust.
Jerilee Wei never expected to be living next to a cow pasture when she bought her home in Lakeland, Fla., in 2007. In her upscale community, newly constructed houses were selling for between $300,000 and $425,000. Then one morning she woke up and found some cattle had moved in.
Millions of houses are in foreclosure in the U.S. Even if your house is safe, your neighbors may be in trouble, and your neighborhood could suffer as a result. Here's the story of one house in a neighborhood in New Jersey.
Modesto, California, located 90 miles east of San Francisco, had the nation's third-highest home foreclosure rate during the third quarter of 2010, just behind Las Vegas, Nevada, and Cape Coral/Fort Meyers, Florida. DailyFinance's Todd Lapin recently visited Modesto and came away with a gallery of haunting photos that illustrate the country's ongoing foreclosure crisis.
Las Vegas has always been a place of dreams, promising that pennies can turn into fortunes, cities can rise from the desert, and property values can rise without limit. But you can also lose your shirt there, and the real estate crash has hit Sin City harder than any other place in the country.
In some parts of the U.S., the real estate market remains deep in recession. But even with housing prices sitting at multi-year lows, millions of houses remain empty, unable to attract buyers haunted by unemployment and a weak economy. As part of a new series, DailyFinance takes a look at one town near New York City that is still struggling with the effects of the great real estate bust.
In the U.S., a real estate crisis has left some neighborhoods virtually abandoned. But in the border towns of Mexico, most notably Ciudad Juarez, a different disease is causing the same symptoms: the brutal escalation of the war among drug traffickers.
