The Obama administration's loan modification program to keep people in their homes hasn't had the results many were hoping for. Mortgage servicers will be at the White House today to explain why. Mitchell Hartman reports.
Stories of families in the throes of losing their homes are all over the news. But what happens to those families — and the homes — after the foreclosure is final? Krissy Clark visits a couple in Las Vegas to find out.
New home sales rose in June, despite bank lending falling significantly in the second quarter. Home prices have fallen so much that sales are finally picking up. Could the housing crisis be abating? Mitchell Hartman reports.
Companies that made millions in subprime loans are now selling loan modifications to some of the same borrowers, who are now at risk of losing their homes. Kai Ryssdal talks with The New York Times' Peter S. Goodman about how the brokers are doing business.
Alyssa Katz's book, "Our Lot: How Real Estate Came to Own Us" provides a historical look at how and why we buy homes, and when the real estate market turned scary. She talks with Tess Vigeland.
Tess Vigeland talks with a couple who've become "accidental landlords." Instead of selling their old home to buy a new one, they're renting out the old place. And the couple moving in? They're renting out their previous home, too.
Millions of homes are standing vacant in the United States. And yet, housing starts are up this month, seemingly defying the laws of supply and demand. Kai Ryssdal talks to home builder Dean Mon to see why housing construction is up.
Taking advantage of cheaper real estate, 7-Eleven is aggressively expanding nationwide and adding 250 new stores. But the convenience store chain is not the only company hoping to come out ahead during the recession. Dan Grech reports.
