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Housing Bust

Housing Rebound Boosts Home Depot's Profits

Reuters | Posted 10.20.2013 | Business

By Dhanya Skariachan Aug 20 (Reuters) - A recovery in the U.S. housing market helped boost Home Depot Inc's quarterly profit and sales...

Study: Foreclosure Crisis Cost The U.S. Billions In Lost Wealth Last Year

The Huffington Post | Jillian Berman | Posted 05.17.2013 | Business

The housing market may be recovering, but the country is still suffering. Americans lost $192.6 billion in wealth, or an average of $1,700 per hou...

Wall Street Housing Bet Pushing Struggling Buyers Out Of The Market

Reuters | Posted 05.02.2013 | Business

(Reuters) - Michael Marchillo, a plumber, has been trying and failing for months to buy a bigger home for his family here in Sin City. He was pre-qual...

Home Ownership Rate Drops To Lowest Level In Nearly 20 Years

Reuters | Posted 06.30.2013 | Business

WASHINGTON, April 30 (Reuters) - The share of privately owned U.S. homes in the first quarter dipped to its lowest since 1995, government data showe...

How to Build a Sustainable Economy; Not Another Bubble

John Friedman | Posted 04.27.2013 | Impact
John Friedman

As a society we are the more than willing victims who love the adrenalin rush that comes with watching the Dow rise, or our home assessments go up, or our portfolios expand but then turn around and blame our predators when we get caught.

WATCH: Wells Fargo Ransacks This Man's Home BY MISTAKE

Posted 09.10.2012 | Business

One California couple may never be able to retire in peace, courtesy of Wells Fargo. Subcontractors hired by the bank broke doors, smashed windows...

Collapsed Mortgage Lender Allegedly Tried To Inflate Home Values

Reuters | Posted 09.10.2012 | Business

* eAppraiseIT is on trial for bowing to WaMu pressure * Rare government case in the housing crisis * Expert testifies an...

Foreclosure Victims Get Another Underwhelming Payday

The Huffington Post | Alexander Eichler | Posted 06.22.2012 | Business

For homeowners trying to get reparations in the wake of the foreclosure crisis, it's been a hit-or-miss experience. This week, another group of Americ...

Homeowners Suing State For Diverting Funds Meant To Help Struggling Homeowners

The Huffington Post | Alexander Eichler | Posted 05.29.2012 | Business

Remember the national mortgage settlement? Remember how a bunch of states have been taking their share of the money -- which was meant to be used to h...

Jillian Berman

Housing Bust May Curb Middle-Class Teens' Attendance At Top Colleges: Study | Jillian Berman | Posted 05.17.2012 | Business

For Marliza Melzer, the housing bust has meant the end of two American dreams. "My mortgage is underwater so I can’t pay for my son to go to col...

John Rudolf

Largest U.S. City Bankruptcy Heading Toward Court | 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...

Local City Facing Bankruptcy: Would Be Biggest City To Declare In American History

Aaron Sankin | Posted 02.23.2012 | San Francisco

The Central Valley city of Stockton of may become the next California municipality to follow in the steps of Vallejo and Orange County and file for ba...

The Rent Is Too Damn High In Every State In America

The Huffington Post | Alexander Eichler | Posted 02.17.2012 | Business

The poorest people in America are running out of places to live. In every state in the country, there are people looking for cheap rental housing -...

Beverly Hills Super-Rich Ditch Increasingly Worthless Mansions

Reuters | Posted 04.16.2012 | Business

* Record number of defaults in Beverly Hills * Many wealthy owners could still pay but walked away * Only 12 of 180 dist...

SEC May Target Big Banks In Lawsuit Over Mortgage-Backed Securities

The Huffington Post | Alexander Eichler | Posted 02.09.2012 | Business

Regulators may be preparing a lawsuit against some of the country's largest banks in order to probe their role in the acceleration of the financial cr...

Alexander Eichler

Job Relocation Help Less Likely For Homeowners | Alexander Eichler | Posted 02.02.2012 | Business

The percentage of people moving for new jobs fell to a near-historic low in the second half of 2011, according to a recent report, as the housing bust...

Two Sets of Ideas From the White House

Jared Bernstein | Posted 04.02.2012 | Politics
Jared Bernstein

The White House has a good set of ideas out this AM to a) help the housing market and b) help small businesses and start ups. The former sounds good to me; the latter, less so.

WATCH: Reporter Finds Himself Victim Of Foreclosure Fraud He's Investigating

The Huffington Post | Harry Bradford | Posted 11.29.2011 | Business

Improper foreclosure practices are so widespread in Las Vegas that one reporter trying to expose them instead found he too was a victim of foreclosure...

Why Are Many U.S. Mayors Saying They Feel Like 'Bad Guys'?

Posted 11.22.2011 | Business

Mayors of U.S. cities and towns feel they are being cast as the "bad guys" as they attempt to address budget crises, often through tax hikes and servi...

Home Prices Fall Again In September

Posted 01.07.2012 | Business

U.S. home prices fell in September for a second month in a row, pressured by weak demand and cheap distressed sales, data analysis firm CoreLogic Inc ...

Americans Staying Put More Than At Any Time Since World War II

Posted 12.27.2011 | Business

By HOPE YEN, Associated Press WASHINGTON -- Americans are staying put more than at any time since World War II, as the housing bust and unemployme...

How to Walk Away

Ryan J. Downey | Posted 12.08.2011 | Business
Ryan J. Downey

What happens when you walk away from an underwater mortgage? Are you arrested? Are you shunned? Do your kids decide they hate you?

From Mortgage Broker To Homeless: One Woman's Housing Bust Saga

Washington Post | Annie Gowen | Posted 05.25.2011 | Business

Before the real estate bust, Rob Paxton and Susan Schneider might have met at a networking event or through their home-buyer clients. Instead, they fi...

Borrowers Aren't Paying Billions In Home Equity Loans | DAVID STREITFELD | Posted 05.25.2011 | Business

During the great housing boom, homeowners nationwide borrowed a trillion dollars from banks, using the soaring value of their houses as security. Now ...

Greenspan Knew Everything About Bubble But Did Nothing

John F. Wasik | Posted 05.25.2011 | Business
John F. Wasik

When Greenspan fully exits public life, he should be recognized for what he neglected to do and his misdeeds that go far beyond sins of omission. Just ask the millions who are trying to claw back into the middle class.