"'Suburban housing prices may not recover in our lifetime,' Shiller said, calling the development of suburbs since 1950 'unusual,' enabled only by the rise of the automobile and the nation's highway system."

"Simply put, there has been a profound structural shift — a reversal of what took place in the 1950s, when drivable suburbs boomed and flourished as center cities emptied and withered."

"Two Senators are preparing to introduce a bipartisan bill Thursday that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S."

"At last year's company Halloween party, the employees of the law firm of Steven J. Baum dressed up as homeless people who the firm had brought foreclosure proceedings against."

"In Las Vegas, where the president made his announcement, about 30 counselors do foreclosure prevention in a city with 270,000 underwater properties. In Lakeland, Fla., it's one counselor for 59,000."

"Homeowners often engage in NIMBYism because they are conservative, risk-averse, and are cautious out of fear that the project might fail… Renters often engage in the same behavior, not because of fear it will fail, but because they're afraid the same project might actually succeed."

Interactive infographic showing which American citie are popular among homebuyers from 14 countries.