Once we get past stories about subprime mortgages and whether or not rising interest rates will sink real estate even lower, is there a way to bring the market back? Commentator John Vogel has a plan.
The sub-prime loan market collapse is tearing apart neighborhoods. But hedge fund managers are worried their insurance policies won't pay out if the federal government intervenes. Steve Henn reports.
Rich clay deposits once made St. Louis the nation's brick capital. Today its distinctive red bricks are a hot commodity for builders — so hot that some people are stealing entire walls off old buildings. Matt Sepic has the story.
Looks like we haven't seen the worst of the foreclosure crisis yet. New data shows filings are up significantly. The outlook for the real estate market is grim, and it could be bad news for the economy as well, Steve Tripoli reports.
A New York nonprofit group is serving as a guardian for persons who for reasons of age, illness or disability can't care for themselves. It's good for the people — and the state, too. Alisa Roth reports.
Stagnating wages combined with a growing number of house-hungry families could lead to a housing affordability challenge that could have ripple effects for the U.S. economy. Steve Tripoli reports.
Widespread mortgage fraud has completely skewed home prices in some neighborhoods and raised questions about the late days of the housing boom. Mhari Saito reports.
After enjoying years of unbridled growth, many homebuilders say they're now sinking along with the subprime lending market. So 1,300 of them are in Washington today to ask for help, and they have some unlikely allies, Steve Henn reports.
Retailer Bed, Bath and Beyond saw shares fall 5.4% today on news that first-quarter earnings would be below expectations. Some analysts are pointing the finger at the weak housing market. Jeremy Hobson reports.
Private equity firm Lone Star Funds will pay $400 million for Accredited Home Lenders. Lone Star's not the only buyout gang throwing money at sub-prime's corporate wreckage. Steve Tripoli reports.
