U.S. Real Estate Market: Apocalypse Now

This Denver Post article examines the hangover caused by the real estate boom in Colorado, the state with the nation's worst foreclosure rate, "When foreclosures overwhelm a neighborhood, homeowners anxiously watch their own property values decline as lenders unload houses at discounted prices. Many foreclosed homes sit vacant for months. Police get vandalism and vagrancy calls. Church leaders see membership fall while food-bank demands rise. School principals find two or even three families sharing single-family houses. " http://www.denverpost.com/ci_4719353