Crisis In The Housing Market
A home for sale in Glenview, Ill. Existing-home sales hit the highest level in more than 3 years in February. But not everyone is convinced that the housing sector's momentum has staying power.
You Be The Judge: Is The Housing Market Really Improving?
()Optimists have had no trouble finding fresh evidence to suggest that the real estate market is recovering. Home sales are at the highest levels in years, borrowing rates are at historical lows, and builders are hiring again. But not everyone is convinced that the sector's momentum has staying power.
Former FDIC Chair: Don't Call It A Housing Recovery Yet
Sheila Bair says it's too soon to celebrate over a housing recovery.
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The Two-Way
Existing Home Sales Rise Again; 'Seller's Market Is Developing,' Realtors Say()
February 21, 2013 Sales were up more than 9 percent from a year ago. Realtors report that across much of the nation, would-be buyers are beginning to outpace the supply of homes.
Foreclosure Process Hammers Florida's Housing Market()
February 4, 2013 WUSFAs much of the country enjoys the start of a housing recovery, Florida is still being swamped by foreclosures. Experts blame the state's legal process, and they say it will be awhile before the housing market is fully rebuilt in the Sunshine State.
The Two-Way
Home Prices Continue To Rise; Housing Is Now Economic 'Bright Spot'()
January 29, 2013 In nearly all major cities across the nation, prices rose at a faster pace in November than they had in October, the latest S&P/Case-Shiller Home Price Indices report shows. It's another sign that the housing sector has recovered from its bust.
Homebuilding Is Booming, But Skilled Workers Are Scarce()
January 17, 2013 More than 2 million construction jobs disappeared during the economic downturn. But now that there are indications the sector is rebounding, the industry is actually experiencing a labor shortage in many parts of the country.
New Mortgage Rules Would Limit Risky Lending()
January 10, 2013 The Consumer Financial Protection Bureau's new rules that are scheduled to be released Thursday come at a time when regulators and banks are trying to find a middle ground between overly lax and overly tight lending standards. The rules will go into effect next January.
The Two-Way
Big Banks Agree To Pay $8.5 Billion To Settle Foreclosure-Abuse Claims()
January 7, 2013 Some borrowers who were mistreated during foreclosures will receive compensation. The payments will range from hundreds of dollars to $125,000. The agreement ends a case-by-case review of the banks' actions.
The Two-Way
Bank Of America To Pay Fannie Mae $3.6B, Buy Back $6.75B In Mortgages()
January 7, 2013 The agreement resolves claims against the bank about mortgage-backed securities it sold before the housing bust. Many weren't worth what was promised. Also today, BofA and other banks are expectd to settle claims related to alleged foreclosure abuses.
The Two-Way
Sales Of Existing Homes Hit Three-Year High()
December 20, 2012 The housing sector continues to recover. Sales rose 5.9 percent last month. It's the second new piece of positive news about the economy. Earlier, gross domestic product growth for the third quarter was revised upward.
The Two-Way
Good Signs: Home Sales Are Up; Builders' Confidence Is Also Higher()
November 19, 2012 Sales of existing homes rose again in October. Meanwhile, home builders are the most confident they've been in more than six years. Taken together, the reports are the latest signs that the housing sector is on the mend.
The Two-Way
FHA Announces Moves Designed To Avoid Taxpayer Bailout ()
November 16, 2012 An audit found that the agency is on pace to run out of money by September. The Obama administration, however, announced a series of steps to increase revenue.
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