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Author: admin | Category: Tattooing | 26.05.2014

Millions of homeowners ended up "underwater," with their homes worth less than what they owe.
Places in California, including Stockton, are pocked with abandoned homes, like this one in 2008. Realtor Jody Velto has run out of fliers for the two-family home she's trying to sell in an Upland, Calif., development.
A previous Web version of this story incorrectly identified John Wasik as a columnist for Bloomberg.

All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. But if buyers keep stepping forward, it could keep parts of San Bernardino County from becoming the overdeveloped ghost towns that are real estate agents' worst nightmares. So, places in California, including Stockton, large parts of Riverside and San Bernardino counties and even chunks of San Diego, are now pocked with empty homes and dried-out lawns — the sure signs of neighborhoods in distress.

Picking correctly is more crucial than ever, and it's making both buyers and lenders hesitant to move forward.

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