Housing

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Britain's housing fever

May 18, 2007
House-hunters in the U.K. — particularly would-be first-time buyers — are getting desperate as property prices there continue to rise higher and higher and higher. Stephen Beard has this story.
Posted In: Canada, Housing

Double-wide trouble for mobile-home owners

May 17, 2007
Rising land values are putting the squeeze on trailer parks. In Washington state so many have closed it's turned into a full-blown housing crisis. Sam Eaton reports.
Posted In: Housing

Low-income lending makes poverty worse

May 17, 2007
The credit industry has been allowed to aggressively pursue low-income borrowers and that's made a bad situation worse for many poor Americans. Chris Farrell says federal regulators are overdue to step in and stop the cycle of abuse.
Posted In: Housing

There's a good side to subprime lending

May 15, 2007
Subprime lenders are going bankrupt and Congress is holding hearings on predatory lending. But commentator and economist Susan Lee still thinks there's an upside to subprime.
Posted In: Housing

Freelance-onomics 101: Bosses are for suckers

May 15, 2007
Something just doesn't feel right about having to answer to a boss, no? Freelance speechwriter James Braly explains that you take a big chance putting your livelihood in one person's hands. Better to spread the risk around. And give him a condo already.
Posted In: Housing, New York

Losing patience with lending reform

May 11, 2007
Congress has been studying potential actions to curb the risky practices that led to the subprime crisis. Lawmakers are giving the private sector a chance to reform itself, but it better act soon, Steve Tripoli reports.
Posted In: Housing, Washington

Toll Bros. not in a luxury position

May 9, 2007
Given the state of the housing market, it wasn't entirely surprising when luxury homebuilder Toll Bros. warned it won't meet its earnings target for the year. Amy Scott reports even the wealthy are feeling some pain.
Posted In: Economy, Housing, Wall Street

Most expensive housing moves to London

May 9, 2007
It's official: London is now home to the most expensive residential real estate in the world, according to the newly-released 2007 Wealth Report, beating out Monaco, New York, Hong Kong and Tokyo. Pat Loeb reports.
Posted In: Canada, Housing

Subprime neighborhoods

May 8, 2007
People in poor, minority neighborhoods were prime targets for subprime lenders, so when that market crumbled those areas were hardest hit. A nonprofit group has plotted maps showing the disparity in New York City. Ilya Marritz walks us through it.
Posted In: Housing, New York

Consumer sentiment and GDP weak

Apr 27, 2007
A recent consumer sentiment survey found optimsm about the U.S. economy at its lowest point in seven month. And the Commerce Department's bad news about the GDP has already had an effect on Wall Street.
Posted In: Economy, Housing, Investing, Jobs

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