Rising land values are putting the squeeze on trailer parks. In Washington state so many have closed it's turned into a full-blown housing crisis. Sam Eaton reports.
The credit industry has been allowed to aggressively pursue low-income borrowers and that's made a bad situation worse for many poor Americans. Chris Farrell says federal regulators are overdue to step in and stop the cycle of abuse.
Subprime lenders are going bankrupt and Congress is holding hearings on predatory lending. But commentator and economist Susan Lee still thinks there's an upside to subprime.
Something just doesn't feel right about having to answer to a boss, no? Freelance speechwriter James Braly explains that you take a big chance putting your livelihood in one person's hands. Better to spread the risk around. And give him a condo already.
Congress has been studying potential actions to curb the risky practices that led to the subprime crisis. Lawmakers are giving the private sector a chance to reform itself, but it better act soon, Steve Tripoli reports.
Given the state of the housing market, it wasn't entirely surprising when luxury homebuilder Toll Bros. warned it won't meet its earnings target for the year. Amy Scott reports even the wealthy are feeling some pain.
It's official: London is now home to the most expensive residential real estate in the world, according to the newly-released 2007 Wealth Report, beating out Monaco, New York, Hong Kong and Tokyo. Pat Loeb reports.
People in poor, minority neighborhoods were prime targets for subprime lenders, so when that market crumbled those areas were hardest hit. A nonprofit group has plotted maps showing the disparity in New York City. Ilya Marritz walks us through it.
A recent consumer sentiment survey found optimsm about the U.S. economy at its lowest point in seven month. And the Commerce Department's bad news about the GDP has already had an effect on Wall Street.
Ohio has the highest foreclosure rate in the nation. Cleveland and its suburbs are spending millions to maintain homes that nobody wants. And come billing time, lenders are making themselves scarce. Mhari Saito reports.
