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.
The recession hit Seattle later than other cities, but the Emerald City is still trying to decide if its economy is improving or getting worse. Jeff Tyler reports.
