With home prices dropping all over the country, how do you choose the right time to buy? Ethan Lindsey walks us through his home buying experience in Bend, Oregon.
Many mortgage holders who took out subprime loans with teaser rates will find those rates climbing within the next two years. Alisa Roth reports government offices and financial institutions are negotiating a deal to help.
Congress is bent on finding a way to reduce foreclosures around the country. But economics correspondent Chris Farrell says we should do it by abolishing something Washington holds sacred: the mortgage deduction on taxes.
The U.S. Conference of Mayors put out a detailed report today, forecasting just how badly cities are being affected by the housing slump. Bob Moon talked with Louisville Mayor Jerry Abramson about how the downturn is affecting his city and others.
With the rise of foreclosure filings comes the parallel rise in foreclosure auctions. Lisa Chow checks out the auction block in New York City and looks into whether or not it's worth it to buy.
Congress and state officials are trying to help homeowners facing foreclosure by offering alternatives to borrowers and lenders. But for all the good intentions, not much is changing. Stacey Vanek-Smith reports.
Mortgage giant Fannie Mae reports its earnings today. Along with Freddie Mac, the company has been riding out defaults that have hit its bottom line. Dan Grech reports on what this could mean for the U.S. taxpayer.
The monthly housing market index is reporting a 14-year low on new homes, making homebuilders' outlook less optimistic than usual. Amy Scott tells us when homebuilders hope to see things turn around.
