Mortgage rates fall to a record low as new home sales climb. MarketWatch’s Amy Hoak joins the News Hub to discuss whether these developments point to strength ahead for the struggling housing market.
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Even homebuyers who thought they were getting a bargain are now finding themselves underwater. The News Hub panel discusses a mortgage crisis that has left millions owing more than their homes are worth.
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Secretly recorded videos allegedly show Acorn Housing employees, encouraged by undercover film makers, offering advice on how to set up brothels and evade taxes. The tapes prompted a federal investigation of the nonprofit, which offers free counseling to mortgage borrowers.
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The federal home buyers tax credit, set to expire in July, and low mortgage rates make the next six to nine months a good time to buy a house, if you plan to live in it, real estate economist Ken Rosen tells Stacey Delo. (Nov. 23)
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