GILBERT, Ariz. – Steve and Jodi Jacobson bought their Phoenix-area "dream home" in 2005. They built flagstone steps to the front door. They tiled the kitchen and bathroom. They entertained often, enjoying their mountain views.
"We put our soul into that house," says Steve Jacobson, 37.
Then, home prices tanked more than 50%. Steve, a software quality assurance engineer, suffered pay cuts. I ...