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Housing Bubble

Housing Market 34 Percent Back to "Normal"

Jed Kolko | Posted 11.04.2012 | Business
Jed Kolko

Although home sales rose from 4.37 million in June to 4.47 million in July, they're still at the second-lowest level of the year with tighter inventory and lower vacancy rates holding back sales. Right now, home sales are 40 percent back to normal to from their worst point during the bust.

Doctors Remove Bullet From Victim's Head, Seek to Determine Cause of Death

Dean Baker | Posted 10.27.2012 | Books
Dean Baker

While the whole theme of Innovation Economics: The Race for Global Advantage is the need for more innovation, the book is not especially innovative in how it pursues this agenda.

Summer 2012: State of the DC Real Estate Market

Melissa Terzis | Posted 10.21.2012 | DC
Melissa Terzis

The market is hot again in D.C. and surrounding areas. But is this a good thing? While the news of a housing recovery makes people happy, another bubble is being created. Buyers who are escalating again are robbing their future equity.

Mayor Opposes Bold Plan To Help Homeowners

Crain's Chicago Business | Posted 08.15.2012 | Chicago

Mayor Rahm Emanuel has spoken out against a proposal that would use the government's power of eminent domain to help mitigate Chicago's foreclosure cr...

John Cusack Tackles Foreclosure Crisis

Chicago Sun-Times | Posted 08.15.2012 | Business

Hollywood star power—in the form of Evanston-born actor John Cusack--showed up at Chicago’s City Hall on Tuesday to support using the city’s con...

Shark Sightings from Cape Cod to Wall Street

Nancy Rubin Stuart | Posted 10.07.2012 | Business
Nancy Rubin Stuart

A new generation of finance shark pups have been growing in the muddy waters of big business since the 1980s.

Housing Market Forecast, From Maria Bartiromo (WATCH)

Posted 08.21.2013 | MarloThomas

Maria Bartiromo, anchor of CNBC's "Closing Bell" and financial author, recently joined me on Mondays with Marlo and she shared her expert opinion on t...

California Gold Rush? Righting Underwater Mortgages

Dean Baker | Posted 09.26.2012 | Business
Dean Baker

Ever since the housing bubble collapsed, the Federal government has refused to take major initiatives to help underwater homeowners. As a result, we are likely to see close to one million foreclosures both this year and next, with the numbers only gradually slipping back to normal levels by the end of the decade.

Housing Scam Artist Heading To Prison

The Huffington Post | Arthur Delaney | Posted 06.26.2012 | Business

A Virginia scam artist has been sentenced to more than seven years in prison for running a mortgage modification company that falsely promised to save...

Earth to Fed: You Can't Lose 40% of Something You Don't Have

Martin Luz | Posted 08.21.2012 | Business
Martin Luz

There never was any real housing "boom" and no increase in actual housing "wealth" -- merely a credit boom courtesy of the Magical Mystical Wall Street Securitization Machine -- a deliberate ploy to disguise the fact that people were earning less and could afford to spend less.

Warren Buffett Just Bet Almost $4 Billion That The Housing Market Will Recover

The Huffington Post | Alexander Eichler | Posted 06.18.2012 | Business

Warren Buffett seems pretty confident the housing market is making a comeback. How confident? Well, he just ponied up $3.85 billion for a mortgage...

It's the Housing Bubble, Stupid

Chris Ladd | Posted 08.14.2012 | Politics
Chris Ladd

After all that's happened in the past half-decade, why can't economists look around? The housing bubble took an extraordinary toll on American households, but economists have yet to meaningfully grapple with its impact.

Another Conservative Myth Busted -- Did Fannie and Freddie Really Cause the Financial Sector Meltdown?

Marvin Meadors | Posted 08.11.2012 | Politics
Marvin Meadors

Another Big Lie circulating among conservatives is the belief that the Wall Street meltdown was caused by Fannie Mae and Freddie Mac, the Community Re...

10 Cities Offering The Best Deals On Foreclosed Homes

The Huffington Post | Harry Bradford | Posted 05.03.2012 | Business

One man’s foreclosure pain is another’s gain. Across the country, the foreclosure crisis has been bad news for the housing market, homeowners a...

Budget Bunk: The Old Pox on Both Your Houses Game

Dean Baker | Posted 07.01.2012 | Business
Dean Baker

The economy did not regain the jobs lost in the 2001 recession until 2005, and even then it was on the back of another unsustainable bubble, this one in the housing market. And we know how that one ended.

Spain, a Housing Bubble and Who Knew What

Robert Teitelman | Posted 06.24.2012 | World
Robert Teitelman

What was the situation in Spain? The construction bubble was widely recognized, discussed, worried over and even acted upon in the years before the bust.

'We Might Not See A Major Turnaround In Our Lifetimes'

Reuters | Posted 06.24.2012 | Money

NEW YORK, April 24 (Reuters) - The U.S. housing market is likely to remain weak and may take a generation or more to rebound, Yale economics profess...

Zach Carter

Bank Of America Sues Itself

HuffingtonPost.com | Zach Carter | Posted 04.10.2012 | Business

WASHINGTON -- Bank of America is suing itself for foreclosure. "It's crazy," housing data analyst Michael Olenick told HuffPost. "They shouldn't b...

Watchdog To Propose New Rules That Could Save Homes

AP | DEREK KRAVITZ | Posted 06.10.2012 | Business

WASHINGTON — The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate a...

You Can't Trust the Wise Men of Finance

Robert Lenzner | Posted 06.09.2012 | Business
Robert Lenzner

It's said that no Wall Street leader, no economist, no legislative committee, no regulator, could predict the perfect storm of all investment assets collapsing at the same time in 2008. I beg to differ.

Aaron Sankin

PHOTOS: And The Most Expensive Place To Live In America Is...

HuffingtonPost.com | Aaron Sankin | Posted 03.14.2012 | San Francisco

According to a report released this week by the National Low Income Housing Coalition, San Francisco is the most expensive place in the country to ren...

Blacks, Latinos, Lose Major Ground In Home Ownership

The Huffington Post | Gene Demby | Posted 03.13.2012 | Black Voices

According to a new report by the Bipartisan Policy Center, a Washington think tank, the housing crisis has eliminated large gains in home ownership am...

Keeping a Roof Over Our Heads

Rep. Charles Rangel | Posted 05.07.2012 | Politics
Rep. Charles Rangel

Congress must not let the Mortgage Forgiveness Debt Relief Act expire at the end of the year. Today 12 million Americans are on the verge of losing their homes because they owe more money than their home is worth.

Bank Probe Adds 'A Lot Of Overlapping Cooks In The Kitchen'

Reuters | Posted 05.01.2012 | Business

* DOJ subpoenas seek three years of documents * New group announced in State of the Union * Could slow down efforts to r...

John Rudolf

Largest U.S. City Bankruptcy Heading Toward Court

HuffingtonPost.com | John Rudolf | Posted 02.29.2012 | Business

Stockton, Calif., took a major step toward becoming the largest U.S. city ever to file for bankruptcy with a city council vote to begin a state-mandat...