The Housing Crisis
These are the Most Underwater States
Nowhere is the aftermath of the housing crisis more clearly illustrated than in Nevada, where nearly three quarters of homes with mortgages are worth less than what borrowers owe on them.
Dahi slams banks for creating real estate crisisNadim Kawach Emirates 247 31.08.2010 | German bank's property woes crystallized at Snowmass VillageJonathan Keehner and Oliver Suess Bloomberg 30.08.2010 |
 Dubai’s police commander has launched a virulent attack on banks in the UAE and other Gulf oil producers, saying they are to blame for the real estate crisis in the region and for a surge in financial court cases. |  MUNICH — Snowmass Village, the Colorado ski town neighboring Aspen, got a lift in 2007 when Hypo Real Estate Holding agreed to arrange $520 million of loans to complete a $1 billion year-round resort. |
Atlanta Real Estate Gets A BailoutKim Fettig CBS Atlanta Consumer Reporter 27.08.2010 | Can Saudi Arabia fix its housing time bomb? Reuters 27.08.2010 |
 ATLANTA -- After a week of terrible real estate news, something big is about to happen in Midtown Atlanta that could help stabilize the city's troubled housing market. |  Like thousands of young Saudis, Nayef al-Nasser is trapped between love and a dysfunctional real estate market. |
A new normal for real estate?Jenny Pisillo San Francisco Chronicle 26.08.2010 | Property crisis hits famous US wine growing region Property Wire 10.03.2010 |
 The bad news continues to get worse. With existing home sales experiencing a record decline and dropping way beyond what all economists expected, who knows when the housing market will recover, if ever. Everyone, from politicians and government officials to underwater homeowners and developers, are desperately following every bit of real estate data that comes out, looking for any signs that point to a brighter future. |  The property foreclosure crisis in the US has spread to California’s famous wine producing Napa Valley as falling land values and a shift to cheaper brands hits the industry hard. |
House prices could fall for several years The Guardian 08.03.2010 | Rental Crisis Looming In Auckland, Property Manager Warns voxy.co.nz 07.03.2010 |
 House prices may start rising again after last month's fall but the market will drop later in 2010 and this time the correction could last for several years, economists warn. |  A residential rental crisis is building in New Zealand's largest city as landlords continue to downsize their portfolios, according to long time property management agency Bobergs First National. |
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