Housing slump prompts profit warnings

Jul 10, 2007
Home Depot, Sears and homebuilder D.R. Horton let Wall Street know they're expecting disappointing earnings because of the housing market's dramatic slowdown. Ashley Milne-Tyte reports.
Posted In: Economy, Housing, Wall Street

Real estate still booming in Koreatown

Jul 10, 2007
Developers and realtors in pockets of Southern California are channeling a new stream of South Korean investment money to stave off the slump that's hit much of the U.S. housing market. Lenora Chu has the story.
Posted In: Canada, Housing

Fed issues new lending guidelines

Jun 29, 2007
The Federal Reserve today put out a set of guidelines for subprime mortage lenders. The only thing is, the "standards" are voluntary. So, what's the point? Jill Barshay reports.
Posted In: Housing, Investing, Washington

Real estate slump a boon for vacationers

Jun 29, 2007
The downturn in the U.S. housing market may have ripple effects for the rest of the economy, but it's good news for folks looking for a summer rental as the holiday season comes to a head. Steve Tripoli reports.
Posted In: Housing

More bad signs in the housing market

Jun 26, 2007
The nation's second-largest homebuilder, Lennar Corp., said it lost money for the second-straight quarter. It also expects the housing market to get worse. Economist Christopher Mayer tends to agree.
Posted In: Housing

Property taxes falling

Jun 22, 2007
Homeowners in some 21 states are holding their breath, hoping for reform that'll bring property tax relief. Four states have already slashed property taxes. But not everyone shares the joy, particularly schools and other local agencies that rely on tax dollars. Dan Grech reports.
Posted In: Housing, Taxes

Bear Stearns takes a big subprime hit

Jun 20, 2007
The crisis in the subprime mortgage market continues to take its toll on Wall Street. Merrill Lynch will sell off the assets of two hedge funds that relied on subprime loans that are now going south. Amy Scott reports.
Posted In: Housing, Investing, Wall Street

What's the cure for home-lending market?

Jun 14, 2007
There's no shortage of ideas on how to deal with ailing borrowers and lenders. Fed officials heard some of them at a hearing in Washington. But the central bank's being urged not to overreact. Bob Moon reports.
Posted In: Crime, Housing

Starting at Ground Zero

Jun 14, 2007
JP Morgan Chase said today it's moving back to Lower Manhattan at the World Trade Center site. Officials hope it will lure other businesses to locate there, too. But Alisa Roth reports the bank didn't come cheap.
Posted In: Housing, New York, Wall Street

We need a 'Last Chance Mortgage' fund

Jun 14, 2007
Once we get past stories about subprime mortgages and whether or not rising interest rates will sink real estate even lower, is there a way to bring the market back? Commentator John Vogel has a plan.
Posted In: Housing