• Chicago Tribune, USA Today, CNBC, Friday, February 13, 2009 10:45 AM

When Chicago developer Roszak/ADC began marketing a condo in the South Loop in 2006, the marketing materials talked of the architecture, the floor-to-ceiling windows and the fitness center. Next month, it all will boil down to price, reports Mary Ellen Podmolik, as the firm auctions 40 of the 100 unsold units in its 233-unit building to jump start sales and get a feel for what the current market will bear.

USA Today reports that a record one in nine units of housing in the U.S. is vacant.

CNBC, meanwhile, has put together a two-hour special report that looks at the causes of the ongoing collapse of the housing industry, which it says has "upended the American Dream." "House of Cards" will air several times over the weekend; a preview and schedule is available here. 

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