Housing

One working-class neighborhood in Cleveland saw 400 foreclosures last year. But critics say the home lending crisis is only now making headlines because it's shaking up Wall Street. Steve Henn reports.

More bad news for subprime mortgage investors over the last 24 hours: Bernanke says losses could hit $100 billion and a new report estimates mortgage defaults will keep rising and eating into profits until at least the end of '08. Ashley Milne-Tyte reports.

Here's a twist on the housing market: A wide range of opportunities awaits a new breed of scaled-down homes. Allowing wannabe homeowners to make a start with less, for one. But the idea had humble beginnings. Elizabeth Wynne Johnson has the story.

In Seattle, the real estate market is still strong. Which could explain why a 12-acre parcel near the city's Space Needle is getting so much attention. Cathy Duchamp reports.

Disney is fighting to block a massive apartment complex near its Disneyland resort that would include units for low-income residents. And that upsets some of its lower-paid employees. Jordan Davis reports.

The subprime mortgage crisis has focused government scrutiny on lenders who cross the legal line. Now federal and state officials have turned up the heat on all sorts of unsavory lending practices. Steve Tripoli reports.

You know you've always wanted your own private island escape. Turns out there are plenty of these jewels for sale... and you only have to be moderately wealthy to afford them. Chana Joffe-Walt checks out some property off the Seattle coast.

Economists at the National Association of Realtors are predicting home prices and new-home sales will rebound next year. But that's after the nation's first home-price decline in 40 years plays itself out. Steve Tripoli reports.

The U.S. dollar is at a record low compared to the euro, and the lowest it's been in 25 years against the British pound. Why? Ashley Milne Tyte reports.

Home Depot, Sears and homebuilder D.R. Horton let Wall Street know they're expecting disappointing earnings because of the housing market's dramatic slowdown. Ashley Milne-Tyte reports.