California town is epicenter of U.S. housing crisis (International Herald Tribune)
Story date: 2008-11-11 06:11:04
Added on: 2008-11-11 22:27:27
Mountain House, California, shows how the U.S. housing crisis is contributing to a broad slowdown of the American - and global - economy, as families who feel burdened by high mortgages are pulling back on their spending.
Read more...
Related Stories:
-
A Town Drowns in Debt as Home Values Plunge (The Hendersonville Times-News)
A visit to Mountain House, Calif., shows how the housing crisis is contributing to a broad slowdown of the economy....
2008-11-11 05:16:46 -
City of debt shows US housing woe
BBC News - The city of Stockton in California is at the centre of the mortgage crisis now sweeping America. Because, with...
2007-12-30 11:05:00 -
Housing crisis may extend to Davis (California Aggie)
Amid a national housing crisis that has hit California especially hard, one might ask how the Davis market is doing - and...
2008-07-16 09:13:07 -
Global financial crisis hitting the California economy - Guardian Unlimited
Aerial view of downtown Los Angeles California by Duncan Rawlinson , Some Rights Reserved Driving around southern California it's not obvious that...
2008-10-11 06:51:00 -
Call the contractor: Home and real-estate shows need renos amid housing slide (Jam! Showbiz)
TORONTO - Canadian TV shows about home improvement and real estate are undergoing renovations as the economic crisis hits the housing market....
2008-12-13 01:10:44 -
California Home Market Shows First Signs of Recovery (Update1) (Bloomberg.com)
June 18 (Bloomberg) -- The California housing market may be showing the first signs of a recovery after three years of declining...
2008-06-18 05:35:08 -
U.S. housing shows ray of hope - Globe and Mail
It is taking time, but the seemingly never-ending plunge in U.S. house prices just might be having an effect as the existing...
2008-10-27 05:11:00 -
Aussie ARM can pay off (Denver Post)
Adjustable-rate mortgages are often blamed for contributing to the nation's housing crisis. Too many borrowers used ARMs to buy more property than...
2008-02-10 12:43:31