If you think that stricter immigration laws will ease the country’s economic problems then you are wrong.  At least, from the point of view of Prince William County residents who are blaming the strict immigration laws for the negative consequences to the County’s real estate and housing industries. The dip in property values in Prince William County has been blamed on the loss of immigrant residents as a result of the stricter laws for immigrants.

Immigration laws have been blamed for the large number of legal and illegal immigrants living the country. The County’s foreign-born population has dropped by 6% in 2007. Compare this with the 7% increase in immigrant population…

If you think that it is only the foreclosure rate that is on the rise then you might want to think again because even the eviction rate is on the rise. The very high eviction rate in Bakersfield due to the default in the payment of rents and mortgage has even started to stress out the legal system. Kern Country officials said a total of 514 unlawful detainer cases have been filed in the area during the first quarter of the year which is a 20% increase over last year’s data. Court executive office Terry McNally foresees a 76% rate of increase over the last two years if this goes…

Orlando used to be a construction-lively area thanks to the number of buildings rising in the area but that was prior to the financial crisis. Today, a lot of development projects and construction projects in Orlando have either been temporarily halted or cancelled. The on-going housing development in the area would have added an estimated 10,000 condominium units to the city but most condominium projects have been cancelled.

For over a year now no significant condominium development has broke ground in downtown Orlando. Developers have admitted that they have cancelled the projects because they were no longer feasible considering the housing slump the oversupply of houses in the area.

Of the 26…

The true state of the country’s real estate industry may be gleamed from the problem being encountered by Tribune Company.  The newspaper company, which filed for bankruptcy last year after being saddled with debts worth $13 billion, has no choice but to sell its properties particularly the Times Mirror Square in Los Angeles and the Tribune Tower in Chicago. However, the company is once again plagued with the problem of looking for alternative options to dispose of the properties since there are no takers. This should however not come as a surprise considering the tight lending restrictions and the falling real estate values.

Tribune spokesman Gary Weitman however said they are…