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Home sales numbers say keep it cheap

Dec 31, 2007
Existing home sales numbers are projected to come up slightly from sharp lows. Steve Tripoli reports more downward price pressure is expected ahead for the new year -- so if you're selling a home, sell low.

Irish locals tell developers to go away

Dec 28, 2007
Big real estate developers and the newly rich are eying some of Ireland's most beautiful rural towns. But local authorities would like them to take their mansion-building money elsewhere. Stephen Beard reports.

Foreclosures are good for someone

Dec 28, 2007
The slump in residential real estate is the worst in 16 years, but that's given a boost to a little-known industry called mortgage field servicers. Mhari Saito reports on the largest privately-owned property caretaker.

Credit crunch will be felt into New Year

Dec 27, 2007
Credit was the big story on Wall Street this year. With 2008 just a few days away, our Senior Business Correspondent Bob Moon takes a look back with host Amy Scott at the crunch that still has a tight grip on deal-making.

Relearning the significance of risk

Dec 26, 2007
Lack of oversight and regulation paved the way for the subprime lending collapse and the nation's current credit crunch. Steve Tripoli has been covering the story and says the root problem was people forget about risk. He explains with host Amy Scott.

Subprime woes just beginning for many

Dec 19, 2007
While most Americans seem to be riding out the credit crunch, a large number are struggling to stay afloat. Steve Tripoli reports on the people increasingly swamped by a second wave of debt distress.

Banks line up for cash at Fed auction

Dec 19, 2007
Imagine an eBay auction for $20 billion. That's what the Federal Reserve conducted this week to pump cash into our struggling financial system. Banks gobbled the money up at a high penalty rate of 4.65%. Jill Barshay reports.

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New loans may help subprime, may not

Dec 19, 2007
Five New England banks are pledging $100 million to help certain homeowners battling subprime. But Stacey Vanek-Smith reports the program does pose a risk to home equity, and some think it doesn't go far enough.
A bank teller dispenses cash
Joe Raedle/Getty Images

Fed offers new mortgage plan

Dec 18, 2007
The Fed's Board of Governors has endorsed new rules to protect home buyers from shady lending practices. But critics are wondering where the Fed's been since August. Nancy Marshall Genzer reports.

Construction numbers sink to new low

Dec 18, 2007
Construction of new single-family homes hit a 16-year low last month, according to a Commerce Department report this morning. Amy Scott reports this could affect many other industries well into next year.