July 5, 2008

Arson Rages In Foreclosed Homes…Housing Bubble Breaks Records

July 3 (Bloomberg) — At 10:40 p.m. on April 27, a blaze at the beige Victorian house at 19 Nye St. lit up a neighborhood littered with boarded-up homes on the north side of New Bedford, Massachusetts. It left charred wood and melted vinyl siding on the three-story structure.
The house had been abandoned after the [...]