Housing crisis keeps buyers on sidelines
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For some prospective home buyers in Southern California, the effect of the U.S. mortgage crisis has been to keep them on the sidelines of the home market, wary of stepping in for fear prices will fall further.
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The nation's housing industry is in a free fall from the subprime mortgage crisis. The budget of the Department of Housing and Urban Development could be facing big cuts. And the agency is still struggling to respond to a slew of natural disasters, including Hurricane Katrina.
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With the housing market in decline, financial predators are finding yet another way to take advantage of people who fall behind on their payments.
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Some economists warn the market's fate hinges largely on mortgage rates because low interest rates are the reason buyers have been able to continue to afford ever-increasing home prices here.
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The subprime mortgage mess has created a mixed blessing for potential homebuyers.
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Housebuilders were under pressure Wednesday following the publication of another gloomy industry survey.
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The realty space is being disrupted.
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RIVERVIEW, Fla., Jan. 25 -- Piece by piece, as the economy has faltered and as the subprime mortgage crisis has taken hold, Ivan Toledo's grasp on his job, his house -- his entire middle-class life -- has come undone.
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The nation's realtors think a housing recovery may be imminent, but don't bet on it.
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Business & money: The rush to beat the information packs deadline means thousands of homes put up for sale are suddenly available to let, writes Andrew Moody.
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Some aggressive ways to buy a house can burn you later.
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Here's an uncomfortable housing  scenario that's getting more common in this soft market: You  put in a contract on a new house. You can't sell your old  house. The sellers are getting pushy.
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Turmoil in credit and housing has obscured a rise in prices.
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The bloodbath in the residential mortgage market is attracting some creatures of a darker disposition.
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Handing over more greenfield land to housing will not curb rising prices, say campaigners.
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WASHINGTON -- Pending sales of existing homes fell in July to the lowest level in nearly six years as the mortgage market's troubles made it tough for many borrowers to finalize home purchases.
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Weak housing market hurting demand for power tools.