Housing Crisis

Is the Housing Bubble Back? These Four US Cities Are in the Danger Zone

By Diana Olick, CNBC

Home price gains are accelerating again, and in some cities those values are overheating. Four of the nation's largest cities are now considered overvalued, according to CoreLogic. Home prices in...
The Most Outrageous Housing Market in America

By Ciro Scotti

There are overheated housing markets, and then there is the San Francisco Bay Area – that rarified piece of the planet that is the home of so many high-tech companies and the incubator for hundreds...
Why the Housing Market Could Keep Rising for Years

By Janna Herron

The number of first-time homebuyers could increase by a third over the next five years, adding a big boost to the housing market and the broader economy, according to a new study. Credit reporting...
Home Prices Hit an All-Time High: Is This Another Bubble?

By Janna Herron

U.S. home prices set an all-time high in June, eclipsing the previous peak set nearly a decade ago. While the record may make homeowners feel house rich, the rate of appreciation in many markets may...
The Economic Problem Americans Are Worried About but the Candidates Are Ignoring

By Kellie Lunney, Government Executive

Seventy-one percent of Americans think that affordable housing should be a main focus of the political parties’ platforms during the 2016 presidential campaign, and 74 percent said they are more...

Why the Housing Market Will Boom Again

By Akin Oyedele, Business Insider

The next housing boom will be triggered by millennials. Like older demographic groups, the lumped-together cohort of 20- and 30-somethings is interested in getting married, starting families, buying...
The Oil Crisis Has Killed These Housing Markets

By Akin Oyedele, Business Insider

Most of the worst housing markets in America have one thing in common: oil. And markets in energy-producing areas make up most of the bottom-ranked parts of America. Related: Here’s a Sign the...
Banks Got Bailed Out, Homeowners Got Sold Out — and the Feds Made a Killing

By David Dayen

The government turned an unprecedented crime ring of systemic fraud into a piggy bank, without distributing its profits to the homeowner victims.
Why Oil's Collapse Could Ultimately Be Worse than the Housing Crisis

By Mark Harrington, CNBC

Oil and gas companies borrowed heavily when oil prices were soaring above $70 a barrel. But in the past 24 months, they've seen their values and cash flows erode ferociously as oil prices plunge —...
The Big Problem with ‘The Big Short’

By David Dayen

Too many crisis narratives write ordinary people out of the picture, which actually makes us more vulnerable to a replay. That’s especially true because the new dangers won’t come from the same place.

The 2013 Holiday Season Will Be a Tale of Two Sectors

By Suzanne McGee, The Fiscal Times

Two pieces of new economic data give us some eagerly awaited insight into the health not only of the U.S. economy as a whole, but two of the sectors that are most important to investor portfolios...
PNC Bank’s Chairman Opens Mouth, Inserts Wingtip

By Rob Garver

Bankers looking to rehab the industry’s image probably want to avoid reminiscing about abusive foreclosure practices
Did Yellen Mute the Warning Bell on Housing Crisis?

By Marilyn W. Thompson and ANN SAPHIR and Alister Bull, Reuters

When Janet Yellen became president of the Federal Reserve Bank of San Francisco in June 2004, a massive real estate bubble was building in the vast nine-state area that it oversees. Her staff alerted...
Bank of America Found Liable for Countrywide Fraud

By Nate Raymond, Reuters

Bank of America Corp was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials stemming from the...
JPMorgan’s $13 Billion Fine: Where Will the Money Go?

By Peter Weber, TheWeek.com

America's largest bank has tentatively agreed to pay $13 billion to resolve a host of issues related to sketchy mortgage-backed securities. Here’s who will get that money.

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