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 13, 2013 — Sheila Bair says it's too soon to celebrate over a housing recovery. Bair says a glut of houses could hit the market once prices perk up.
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 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.
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 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.
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.
Jan 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.