housing market

The National Association of Realtors says pending home sales rose 7.4 percent from July to August, an unexpected piece of positive news for the battered U.S. housing market.

Washington's financial bailout plan is now law. So the credit spigot will start flowing again, banks will resume lending, and an economic recovery can begin, right?

The New Deal it is not. The government's biggest economic bailout since the Great Depression is aimed not at relieving unemployment or reforming questionable business practices, but at resuscitating financial markets debilitated by lousy bets on the housing market.

The government's biggest economic bailout since the Great Depression is aimed not at relieving unemployment or reforming questionable business practices, but at resuscitating financial markets debilitated by lousy bets on the housing market.

This speech was delivered on the House floor starts with Mr. Speaker, I rise to introduce the Free Housing Market Enhancement Act

The National Association of Realtors says pending U.S. home sales fell more than expected in July as the housing market's struggles continued.

The National Association of Realtors says pending U.S. home sales fell more than expected in July as the housing market's struggles continued.

Despite the historic takeover of Fannie Mae and Freddie Mac, homeowners, taxpayers and consumers are hardly out of the woods.

Lender GMAC Financial Services says it will close 200 retail offices and lay off about 5,000 employees as part of plan to scale back its mortgage lending and servicing operations due to the downturn in the housing market.

The British government unveiled a package of tax cuts and spending Tuesday to try to reinvigorate a housing market suffering its worst crash since the early 1990s.