Do Fewer Foreclosures Mean Housing Crisis Has Ended?

  By Richard Davies – The housing crisis, which led to huge drop in personal wealth for many Americans, may be over at long last. “I think that it’s really in the rear-view mirror,” says Daren Blomquist of the real estate and foreclosure listings firm RealtyTrac. The foreclosure crisis, perhaps the biggest scar on the housing market,…

Another City Embraces Eminent Domain to Fend Off Foreclosures

  By Katie Zezima –  IRVINGTON, N.J. — Using eminent domain to bail out underwater homeowners won’t fix all Irvington’s problems, but Mayor Wayne Smith thinks anything that can help some residents of his economically struggling township is worth trying. “It’s not a panacea,” Smith said. “But it looks like it could help some people.”…