Finance :: Real Estate

Nobody's Home: The Ghost Cities of China

Aug 7
Tour China's ghost cities, as we did with financial analyst Gillem Tulloch, and you'll see the spooky signs of a real estate bubble. Watch Lesley Stahl's full report on "China's Real Estate Bubble."

New York Financial Superintendent Benjamin Lawsky

NY Investigates Mortgage Firm's Insurance Deals

By Jeff Horwitz | Aug 6
New York's top financial regulator said Monday he will investigate whether the nation's largest overseer of subprime mortgages, Ocwen Financial Corp., overcharged struggling homeowners on insurance.

Job seekers attend a job fair held by Sheetz to staff their under-construction distribution center, in Burlington, N.C. As the economic recovery enters its sixth year, many Americans don't feel better off.

As US Job Market Strengthens, Many Don't Feel It

By Josh Boak, Christopher S. Rugaber | Aug 5
Though the U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent, the Gallup Organization has found that consumers' view of the economy is the glummest it's been in seven months.

Trulia Kindle Fire .

Zillow Buying Trulia to Build Real Estate Titan

By Mae Anderson | Jul 30
Zillow and Trulia, two companies that changed the way people shop for homes, are combining. Real estate website operator Zillow Inc. is buying its rival in a $3.5 billion deal that will make the biggest player in the online real estate information market.

A home for sale in Alameda, Calif.

Average US 30-year Mortgage Rate at 4.13 Pct.

Jul 25
Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan was 4.13 percent, unchanged from last week.

5 Tips for Selling Your Home at the Best Price

Jul 24
The rebound in U.S. home values over the past couple of years has placed many homeowners in a better position to sell their home for a profit. Here are five tips on how to get your home sold for the best price.

A patio garden view shows the connected sections of seven-story modern modular apartment building called the Stack.

Stackable Apartments Arise in NYC

By Jennifer Peltz | Jul 23
In a city piled high with ambitious architecture, a seven-floor structure off the beaten path boasts a distinction of its own: It's billed as the first multistory, modular-built apartment building to open in the nation's apartment capital.

Man Mortgages His Home To Pay For Bigger Penis

By EDGE | Jul 20
An Australian man with a "micro penis" mortgaged his home to come up with the $18,000 to $50,000 it will cost for surgeries to make his member more memorable.

Tony West, the Justice Department's lead negotiator announced at the Justice Department in Washington that Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.

Citigroup to Pay $7B in Subprime Mortgages Probe

By Eric Tucker, Mark Sherman | Jul 15
Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives."

Missouri Woman Learns Serial Killer Lived in Her Home

Jul 15
Missouri resident Catrina McGhaw asked to be let out of her lease after she learned about her home's unpleasant past. Gayle King reports.