A new report says foreclosures are down 2% from a year ago. That's good news, right? But that same report says the number of houses being repossessed is up 45%. Alisa Roth breaks down the numbers and what it means for the housing market.
The Senate will pick up the debate on a financial overhaul bill. But the legislation doesn't include reforms for Fannie Mae and Freddie Mac, which are eating through billions of taxpayer dollars. Nancy Marshall Genzer reports.
As Freddie Mac asks the U.S. for billions more to keep it afloat, it's hard not to look back and wonder how we got here. Economics correspondent Chris Farrell tells us we need to cork Americans' housing incentives.
In an effort to curb the runaway property market, families in Beijing are now only allowed to own one home. The rule targets wealthy Chinese home flippers and tweaks the homebuying process. Scott Tong reports.
A new study finds a spike in the number of so-called "strategic" defaults. That's when someone can afford payments, but abandons a home because it's worth less than the mortgage. Jeff Tyler reports.
Nicolas Retsinas, director of Harvard's Joint Center for Housing Studies, talks to Steve Chiotakis about what the government's homebuyer's tax credit has done for the housing market.
Two million first-time homebuyers took advantage of the tax incentive program which ends this Friday. But did it really stimulate the housing market? A new survey says consumers seem to think so. Brett Neely reports.
Coldwell Banker says it will make the government's first-time homebuyer credit an option for sellers participating in its "Buyer Bonus Sales Event." Professor Leonard Zumpano talks with Tess Vigeland about whether the credit made people buy homes, and whether Coldwell's move will help.
