Foreclosed properties hold back US economy

As more homes than ever face feared bank seizures, economists struggle to solve complex problem.

    Most economists agree the housing crisis remains the biggest obstacle to economic recovery in the US.

    But there's no consensus on how best to fix it and the rate of foreclosed properties has hit a record high.

    Al Jazeera's Kristen Saloomey reports from Rochester, New York.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    Why a hipster, vegan, green tech economy is not sustainable

    Why a hipster, vegan, green tech economy is not sustainable

    Improving eco-efficiency within a capitalist growth-oriented system will not save the environment.