Housing

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Looking good, America! . . . Er, wait

Aug 24, 2007
Today's reports say new-home sales are up 2.8% and U.S. factory orders nearly 6%. But, wait. Those are the numbers from July -- before the subprime debacle and the credit squeeze. Jill Barshay has more.
Posted In: Economy, Housing

Braced for more bad housing news

Aug 24, 2007
New home sales numbers for July come out this morning and most analysts expect bad news as problems in the mortgage industry continue to leave builders with fewer and fewer potential home buyers. And the worst is still to come, Steve Henn reports.
Posted In: Housing

Panic is over but not the problem

Aug 23, 2007
The markets seem to have calmed down a bit from the initial mortgage meltdown shock, but has the worst passed? Kai Ryssdal talked with financial strategist Richard Bove to get some guidance.
Posted In: Housing, Wall Street

When prime real estate is a slum

Aug 23, 2007
The Indian government wants to turn its financial capital of Mumbai into a world-class city. But what will it do with a notorious slum, the largest in Asia, and the people who live there? Miranda Kennedy reports.
Posted In: Housing

Hang in there, homeowners

Aug 23, 2007
Millions of American homeowners are now trapped in adjustable rate mortgages watching their monthly payments creep ever upward as options for refinancing dwindle away. We ask mortgage consultant Kassie Welch, what now?
Posted In: Housing

Countrywide gets some color back

Aug 23, 2007
It's amazing what a little extra cash can do. Word broke last night that Bank of America bought $2 billion of stock in ailing mortgage giant Countrywide Financial, and suddenly investors are feeling a bit rosier too. Amy Scott reports.
Posted In: Housing, Wall Street

Market turmoil is good for S&Ls

Aug 22, 2007
The mortgage industry can't come up with cash. Mortgage companies are laying people off — or worse, going bankrupt. But investors are smiling on one slice of the mortgage market, the good, old-fashioned thrift. Jill Barshay reports.
Posted In: Housing

A swift reversal of fortune

Aug 22, 2007
Relative calm has settled in the stock markets. But there are still some unsettling noises coming from the housing and mortgage industries. Recently, tens of thousands of people in the lending business have lost their jobs. Bob Moon reports.
Posted In: Housing, Investing, Wall Street

Market taking toll on builders

Aug 22, 2007
The effects of the subprime crash and ensuing credit crunch have officially rippled over to home builders. Construction of new homes dropped 6.1 percent in July, falling to its lowest level in more than a decade. Amy Scott reports.
Posted In: Housing, Wall Street

Construction jobs hang on

Aug 22, 2007
The housing bubble has burst and new home construction has slowed dramatically, but a new study shows that Hispanic construction workers have managed to keep finding work. Though maybe not as much. Dan Grech explains.
Posted In: Housing, Immigration, Jobs

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