Crisis In The Housing Market
Mar 21, 2013 — 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.
Mar 11, 2013 — The U.S. housing market is still a ward of the state. Almost all new mortgages — $1.6 trillion last year alone — are guaranteed by taxpayer dollars.
Feb 22, 2013 — At the height of the housing boom, condominium towers popped up on the Miami skyline faster than you'd believe. Once the market crashed, those towers sat vacant. Now, led by foreign buyers, condos are selling again as developers try new, more stringent financing rules.
Feb 4, 2013 — As 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.
Jan 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.
Jan 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.
Nov 16, 2012 — A program that backed lots of mortgages during the housing bust may soon need taxpayer money to make good on its promises.
Nov 14, 2012 — Most lenders require borrowers to wait seven years before securing a new mortgage after losing a home to foreclosure. But in the wake of the housing crisis, millions of families have a recent foreclosure on their record — and some are finding ways to buy a new home in as few as three years.
Nov 5, 2012 — And they're rising in many states where it's hard to foreclose. States face a tradeoff between protecting homeowners and getting through the foreclosure crisis.
Oct 16, 2012 — With mortgage rates near rock bottom and housing prices stable, many fence-sitters are jumping into the home market and leaving the world of renting behind. But first, they have to get approved for a loan.