Even when there's not a direct hurricane hit on U.S. coastal towns, beach erosion can be tremendous. And after the storms, states spend millions of dollars shoring up those beaches. Dan Grech has more from Florida.
Separate reports today revealed that while home sales are on the rise, prices continue to dive. Amy Scott explains why the housing market can't seem to get past the bad news.
Despite serious fighting, some real estate in west Beirut is becoming even more valuable. Ben Gilbert takes a stroll with a broker through a formerly war-torn neighborhood and assesses the costs.
Looking for a formula to aid your house hunting? Commentator and MIT professor Dan Ariely says science doesn't have much to offer us when it comes to finding the right home.
The silver lining of falling housing prices: it's easier for people to afford a new home. The Lee family explains their transition from an apartment to first-time homeownership.
The subprime crisis has sent banks and brokers fleeing from mortgage-debt investment that, for many, has turned into huge losses. Now a highly-respected bond manager is betting he'll be able to cash in — with the government's help. Bob Moon reports.
To get the subprime mess off its books, the Swiss bank UBS is selling $15.5 billion-worth of mortgage-backed securities to private investment firm BlackRock. And it's lending BlackRock $11 billion to do it. Ashley Milne-Tyte reports.
Aside from borrowers and lenders, neighborhoods are also feeling the subprime burn. Steve Henn reports Congress is considering a new bill to let local governments buy abandoned sites to save neighborhood property values.
Lenders are selling off thousands of houses they've foreclosed on for pennies on the dollar. And now the neighborhoods where those homes are located are crumbling. Mhari Saito reports from Cleveland.
