New data shows that home prices are falling again, while mortgage rates are up .75 percent since late fall. Foreclosures are dragging the market down even farther. Mitchell Hartman reports on the possibility of a double-dip in the housing market.
We follow the story of America's housing meltdown through one house — Lot 354, a Spanish bungalow in Los Angeles. From former and current owners to real estate agents and neighbors, the characters and industries affected by Lot 354 tell the story of the rise and fall of America's housing market.
Marketplace worked with Los Angeles public TV station KCET and its show, SoCal Connected, to tell the story of a single home, and that home's place in the American economy. Kai Ryssdal gives us a sneak peek inside "Lot 354."
Interest rates on home loans are reaching seven-month highs, and prices are continuing to fall. So why did The Atlantic's Megan McArdle still decide to buy a home right now?