A leading economics institute in Britain has found a new culprit to blame for the severity and worldwide spread of the credit crunch. It's America's bankruptcy laws, and they should be made more strict. Stephen Beard reports from London.
Speculators armed with subprime or adjustable-rate loans flooded the condominium market a couple of years ago. Now, many are in trouble, and other residents in their condo communities are paying the price. Dan Grech reports.
A $3 billion plan to revitalize downtown Los Angeles has been pushed back due to the credit crunch. Lisa Napoli reports on what it means when commercial real estate developers can't develop real estate.
Many homeowners are still feeling the pinch of tight credit and falling housing prices. A new report says the foreclosure rate has more than doubled from a year ago. And the pain is becoming more widespread. Janet Babin has more.
In big cities in China, single women may still be looking for men with charm, wit, intelligence and good looks. But what really makes them swoon is a man who owns a home. Lisa Chow reports.
The Federal Reserve is holding hearings in L.A. on Bank of America's planned acquisition of troubled mortgage company Countrywide. Fair-lending advocates say the acquisition should include an obligation to help clients avoid foreclosure. Jeff Tyler reports.
Mortgage companies may not want to hear it, but economics editor Chris Farrell has an idea to help fix the housing crisis. Chris sets the story straight on strip-downs.
Here we are in an economic downturn and, in Las Vegas today, workers are breaking ground on infrastructure for a $6 billion project that includes residential space. Jeremy Hobson asks why that's not a bad idea.
Security matters become the key issue in the Treasury Department's new rules for overseas investors. Companies involved in defense or homeland security are most likely to be scrutinized. Jill Barshay reports.
Every fifth apartment in Central Jerusalem is owned by someone from abroad, and many visit only on holidays and vacations. Hebrew University students want to rent them the rest of the time. Daniel Estrin reports.
