Sales of existing homes jumped 9.4% last month, fueling debate over whether the first-time home-buyer tax credit should be extended beyond its Nov. 30 cutoff. Nancy Marshall Genzer reports.
Barry Ritholtz of Fusion IQ tells host Bob Moon that mortgage modification programs aren't working very well. The overall economy would return to better health in a shorter time, he says, if the pace of foreclosures were accelerated.
The Kaser family of suburban Minneapolis has been hit hard by the recession. Both parents have lost their jobs, and they are no longer able to make the mortgage payments. Annie Baxter reports on how the family is coping.
Nic Retsinas, director of Harvard University's Joint Center for Housing Studies, and Bob Moon answer listeners' questions ranging from lender troubles to subprime second mortgages.
The Obama administration is debating whether to extend a tax credit for first-time home buyers. Economics correspondent Chris Farrell tells Bill Radke why he thinks they shouldn't.
Chris Mayer from Columbia University's Business School talks with Stacey Vanek-Smith about why applications for building permits have dropped and what's going on with the first-time home buyer tax break program.
We all know about the crisis in residential real estate. But what about the commercial real estate market? Is it going to collapse as some experts and pundits are predicting? Jeremy Hobson reports.
In the last three months banks have foreclosed on nearly a million homes — up almost 25% over last year. And such actions are spreading to more middle-class and upper-income neighborhoods. Curt Nickisch reports.
