New housing construction rose more than expected last month. But how do these numbers play into the bigger picture of the current real estate market? Steve Chiotakis gets further analysis from Richard DeKaser at Woodley Park Resarch.
Simon Property, the nation's largest shopping mall operator, made a $10 billion bid for bankrupt rival General Growth Properties. If the deal goes through, Simon would own a third of the shopping malls in America. Brett Neely reports.
When reporter Sean Cole began to investigate housing auctions, he stumbled upon a kind of auction he had never heard of before — a not-an-absolute auction.
People whose homes are worth less than the mortgage may be tempted to walk away. Or sell the house for less than they owe. But as Marketplace's Jeff Tyler reports, the debt could haunt you for years to come.
Underground shale drilling in northern Pennsylvania is causing a stir amongst environmentalists, who say thousands of new gas wells could pose serious threats to drinking water. Joel Rose reports.
The Obama administration's program to help homeowners stay in their homes by reducing monthly payments has been slow to make progress. Now there's talk the Treasury Department may tweak formulas to make loan modifications easier. Mitchell Hartman explains.
Florida is the riskiest state in the U.S. for a property insurance company for all the catastrophic weather. To stay active there, State Farm will be dumping thousands of its riskier policies. Gregory Warner reports.
What are the moral and financial implications of walking away from an underwater mortgage? Tess Vigeland talks with Henry Blodget, CEO of the "Business Insider," and Megan McArdle, of the "Atlantic" magazine, about so-called strategic defaults.
