Housing

1:02am

Mon June 24, 2013
Around the Nation

In Chicago, Public Housing Experiment Enters New Phase

Originally published on Mon June 24, 2013 10:25 am

The last high rise at Chicago's Cabrini-Green public housing complex was demolished in 2011.
M. Spencer Green AP

The Chicago Housing Authority has torn down all of its high rises and says it's close to completing its plans to transform public housing. Now, city leaders are moving to the next part of their plan: using public housing funds not just to build homes for poor families, but stores where they could shop and work. Some residents, however, say the city is breaking a promise to provide affordable housing.

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4:13pm

Tue June 18, 2013
The Two-Way

'We Were Told To Lie,' Say Bank Of America Employees

Employees say Bank of America encouraged them to lie and falsify records to push more accounts into foreclosure.
Chuck Burton AP

Six former employees and one contractor say Bank of America's mortgage servicing unit consistently lied to homeowners, fraudulently denied loan modifications and offered bonuses to staff for intentionally pushing people into foreclosure, according to a Salon.com report.

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3:14pm

Fri June 14, 2013
Business

Housing Market Watchers Edgy As Mortgage Rates Keep Climbing

Originally published on Fri June 14, 2013 4:12 pm

Home values have been rising in recent months, but mortgage rates have taken a rapid turn upward as well. Some investors are worried that the housing recovery may stall if mortgage rates jump too quickly.
Gene J. Puskar AP

Mortgage rates have seen a relatively sharp rise this month. The average 30-year fixed-rate loan hit 4 percent earlier in June — a big jump from the record lows of recent years. Some investors are now concerned that the housing recovery could be stifled if rates continue to rise quickly.

The Federal Reserve has two main missions: to maximize employment and minimize inflation. Right now, there are few, if any, signs that prices for goods are spiking, and the job market is still crawling out of its long, deep slump.

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7:21am

Tue June 4, 2013
The Two-Way

Another Report Shows Home Prices Taking A Big Jump

Originally published on Tue June 4, 2013 8:18 am

A sale pending sign in front of a home in San Francisco on May 28.
Justin Sullivan Getty Images

One week after the S&P/Case-Shiller indices showed a 10.9 percent jump in U.S. home prices from March 2012 to March 2013 — the biggest year-over-year gain in that data since April 2006 — there's another report showing a similar jump in April.

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4:54pm

Thu May 30, 2013
Wildfires

Waldo Canyon Home Rebuilding Efforts Soar Above 50 Percent

President Barack Obama views fire damage with firefighters and elected officials at the Waldo Canyon Fire in Colorado Springs, Colo., June 29, 2012.
Pete Souza Official White House Photo

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