Housing

A $3 billion plan to revitalize downtown Los Angeles has been pushed back due to the credit crunch. Lisa Napoli reports on what it means when commercial real estate developers can't develop real estate.

Many homeowners are still feeling the pinch of tight credit and falling housing prices. A new report says the foreclosure rate has more than doubled from a year ago. And the pain is becoming more widespread. Janet Babin has more.

In big cities in China, single women may still be looking for men with charm, wit, intelligence and good looks. But what really makes them swoon is a man who owns a home. Lisa Chow reports.

The Federal Reserve is holding hearings in L.A. on Bank of America's planned acquisition of troubled mortgage company Countrywide. Fair-lending advocates say the acquisition should include an obligation to help clients avoid foreclosure. Jeff Tyler reports.

Mortgage companies may not want to hear it, but economics editor Chris Farrell has an idea to help fix the housing crisis. Chris sets the story straight on strip-downs.

Here we are in an economic downturn and, in Las Vegas today, workers are breaking ground on infrastructure for a $6 billion project that includes residential space. Jeremy Hobson asks why that's not a bad idea.

Security matters become the key issue in the Treasury Department's new rules for overseas investors. Companies involved in defense or homeland security are most likely to be scrutinized. Jill Barshay reports.

Every fifth apartment in Central Jerusalem is owned by someone from abroad, and many visit only on holidays and vacations. Hebrew University students want to rent them the rest of the time. Daniel Estrin reports.

Today, Congress is considering extending a rule that would allow home builders to apply any current losses to tax returns up to four years back. That could set builders up for big rebates. Jeff Tyler has more.

Contributions continue to grease the political skids in Washington. Jeanne Cummings of Politico tells host Kai Ryssdal that some of the key players in the subprime mess still have enough loose change to lobby for their causes.