Housing

The current housing crisis is talked about by a lot of people, but how bad is it really? Tess asks Marketplace's Chris Farrell to help us understand the scope of the problem.

For the latest in our Housing Madness series, we wanted to talk to someone taking advantage of the down market and buying property. Ashley Milne-Tyte found a first-time buyer in New York City -- where you'd least expect it.

The money on Wall Street is again flowing into home building. Marketplace's Jill Barshay reports on why investors are betting against the housing bust.

Head of government agencies and investment banks went before a Senate committee to defend the Fed rescue of Bear Stearns, saying greater economic harm would have resulted if action weren't taken. Bob Moon reports.

The Senate today is expected to put the finishing touches on a bi-partisan compromise aimed at helping homeowners facing foreclosure. From Washington, Jeremy Hobson gives us the outlines of the plan.

Question: I have a $240,000 fixed rate mortgage at 5.75%. My monthly PITI payment is a little under $1,900/month. And I get by OK on my retirement...

U.S. senators say they are close to a deal on a bill that would include money for counseling people at risk of losing their homes, and incentives for communities and citizens to buy foreclosed properties. Jeremy Hobson reports.

Most taxpayers will get anywhere from $600 to $1,200 from Uncle Sam as part of the federal plan to stimulate the economy. But many taxpayers will use the money to pay down debts instead. So, as Rico Gagliano reports, the IRS isn't taking any chances.

In the latest edition of our Housing Madness series, we look at a group of people who never even took out a subprime loan -- or any loan for that matter. Steve Tripoli explores the story from the renters' perspective.