A report out today noted that the government's Home Affordable Modification Program — HAMP — isn't helping as many homeowners as was expected. Still, it doesn't mean the program should be scrapped entirely. Mitchell Hartman explains.
Fewer homeowners are "underwater" these days, meaning they don't owe more on their mortgages than their houses are worth. But that news isn't as good as one might hope. Mitchell Hartman reports.
Cities across China are racing to modernize with urban features like high-rise apartments and performing arts centers. Residents on the outskirts are angry that they're driven from their homes and given little reimbursement to aid their move into the city.
Britain has had to make some difficult cuts to their budget, and one of them is to cut the government housing benefit. The cut may have the consequence of changing where the rich and poor live.
The foreclosure crisis has created a huge mess for mortgage lenders and the government. But even more frustrated are the homeowners caught in the middle. Stacey Vanek Smith follows the tale of one family in the fight to keep their home.
Some home prices in Shanghai and Beijing are on-par with lofts in Manhattan. We've already seen what a U.S. housing bubble does to the global economy. But what about a Chinese bubble? Rob Schmitz explains.
In 2009, there was a run to buy foreclosed homes. Why? Because their cost was substantially less than other homes. But their price is down even further now that demand has slowed. Gregory Warner reports.
