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New research from the Brookings Institution says Americans will pay up to $1,500 more in rent every month to live in a "walkable" neighborhood — say, a place near their dry cleaners or grocery store or favorite restaurant.
An underappreciated factor behind the recent gains in the housing market is higher rents.
Major banks forked over billions of dollars in a mortgage settlement. Some states are using that money to fix any kind of budget gap.
Housing starts, as they're called, were up 2.6 percent last month, and compared with last April, home construction was up almost 30 percent.
Packed open houses, multiple offers, and higher prices. In (usually high-end) neighborhoods like Jamica Plain, the bidding wars still rage.
Alabama wasn't hit hard by the housing collapse, and prices are now rising. But it's still difficult to get a home loan there.
Like a lot of Western cities, Phoenix's housing market crumbled during the recession. But new home sales are up 35 percent from a year ago.
The big 49-state deal on mortgages was supposed to help clear the foreclosure backlog. So how are the banks faring now?
Credit reporting agency TransUnion says the percentage of people behind on their mortgages is down to its lowest level since 2009.
Hercules, Calif. was on the brink of bankruptcy. So the town made major sacrifices to stay solvent.
