More Homes 'Underwater' in Struggling Economy

In the brand new subdivisions in the Phoenix suburb of Ahwtukee, where red-tiled roofs sprung up like wildflowers among the cactus during the housing boom, Melanie Bruce found her dream home. "I've been in here for almost two years," Bruce said. "The thing that struck me the most was the big, open floor plan." The home has been everything Bruce, daughter Grace and husband Byron had ever wanted. But in just three weeks they'll have to leave. Melanie Bruce, who applied for the home loan...Full Story
Commenting on this article is closed.