The Foreclosure Epidemic: The Bulldozers Cometh

By ANDREW JEFFERY This post first appeared on Minyanville. Simply put: There are too many homes in America. Travel to the outskirts of Phoenix, California’s inland empire — or even suburban Washington, DC — and you’ll find scores of vacant homes, for-sale signs, and soon-to-be ghost towns. Sprawling Lennar (LEN) cookie-cutter developments, Pulte Home (PHM) [...]

April 23, 2009 | Comments »