Housing

You know you've always wanted your own private island escape. Turns out there are plenty of these jewels for sale... and you only have to be moderately wealthy to afford them. Chana Joffe-Walt checks out some property off the Seattle coast.

Economists at the National Association of Realtors are predicting home prices and new-home sales will rebound next year. But that's after the nation's first home-price decline in 40 years plays itself out. Steve Tripoli reports.

The U.S. dollar is at a record low compared to the euro, and the lowest it's been in 25 years against the British pound. Why? Ashley Milne Tyte reports.

Home Depot, Sears and homebuilder D.R. Horton let Wall Street know they're expecting disappointing earnings because of the housing market's dramatic slowdown. Ashley Milne-Tyte reports.

Developers and realtors in pockets of Southern California are channeling a new stream of South Korean investment money to stave off the slump that's hit much of the U.S. housing market. Lenora Chu has the story.

The Federal Reserve today put out a set of guidelines for subprime mortage lenders. The only thing is, the "standards" are voluntary. So, what's the point? Jill Barshay reports.

The downturn in the U.S. housing market may have ripple effects for the rest of the economy, but it's good news for folks looking for a summer rental as the holiday season comes to a head. Steve Tripoli reports.

The nation's second-largest homebuilder, Lennar Corp., said it lost money for the second-straight quarter. It also expects the housing market to get worse. Economist Christopher Mayer tends to agree.

Homeowners in some 21 states are holding their breath, hoping for reform that'll bring property tax relief. Four states have already slashed property taxes. But not everyone shares the joy, particularly schools and other local agencies that rely on tax dollars. Dan Grech reports.

The crisis in the subprime mortgage market continues to take its toll on Wall Street. Merrill Lynch will sell off the assets of two hedge funds that relied on subprime loans that are now going south. Amy Scott reports.