The Case Shiller Index reports that in October, housing prices rose for the fifth straight month — though they're still down from last year. Bill Radke gets more from analyst Julie Niemann of Smith, Moore & Company.
New York City's construction boom went bust so fast some of the condominium buildings are standing unfinished. But proposals to turn them into affordable housing units have been a tough sell. Alisa Roth reports.
Sales of newly-built houses fell more than 11% last month, surprising analysts who expected an increase of around 5%. After all, sales of previously owned homes were up. So how did the experts get it so wrong? John Dimsdale explains.
We've gotten a lot of good news from the housing market in recent weeks. But today some not-so-great news. New-home sales dropped 11% in November to their lowest level in seven months. Mitchell Hartman reports.
Commentator Susan Lee says the indirect costs of government subsidies that encourage people to buy homes hugely outweigh the benefits. That's why she sees the fifth-straight year of declining home ownership a good thing.
The National Association of Realtors is expected to report better home sales numbers than a year ago. But even though sales might be picking up, there are still plenty of bargains to be found. Sally Herships reports.
Section 8, one of the nation's most ambitious public housing programs, helps people pay their rent. However, to get accepted they need a mailing address — even if they're homeless. Nancy Marshall-Genzer reports.
Despite the Obama administration's push to keep people in their homes through mortgage modifications and lenders cutting payments for millions of borrowers, a government report suggests the effort may be falling short. Amy Scott reports.
Housing has gotten a healthy amount of help from the government during the economy's rough patch, and today's new home construction numbers for November will tell us how well the sector is doing. Jeremy Hobson reports.
