Harper's Magazine's Chris Ketcham discusses his latest article on MERS, the Mortgage Electronic Registration System, which he says contributed to the problems that led to the mortgage finance bubble.
New data from home builders indicate they're feeling more confident, and now that layoffs have slowed, buyers are feeling more secure, too. Still, there are bumps ahead for the housing industry.
The vacancy rate for apartment fell to its lowest since 2001 in the fourth quarter as more people rented. But mortgage rates are also falling, so will people choose buying over renting soon?