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Housing Market Crash
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US sales of new homes rose 3.3 percent in April
Americans bought more new homes in April, the latest signal that the U.S. housing market is steadily improving.
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US home sales up across the country, hopeful sign
Americans are buying more homes in every region of the country, the latest indication that the housing market could be on the mend.
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US sales of previously occupied homes up in April
Americans bought more previously owned homes in April, a hopeful sign that the weak housing market is gradually improving.
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US housing starts rose to 717,000 in April
U.S. builders began work on more homes last month, evidence that the battered housing market is slowly healing.
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Spain Financial Crisis.JPEG
A broker gestures at the stock exchange in Madrid, Monday May 7, 2012. Spain's prime minister says the government will likely present important bank clean-up measures this week to clear up doubts about the solvency of the sector. Rajoy gave no details but said he would not rule out lending or injecting public money into the banking sector if necessary. Spain's real estate bubble burst in 2008 saddling banks with enormous amounts of bad loans. The Bank of Spain says the sector has about 175 billion euros ($230 billion) in "problematic" holdings. (AP Photo/Paul White)
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Spain Financial Crisis.JPEG
A broker stands in the middle of the stock exchange in Madrid, Monday May 7, 2012. Spain's prime minister says the government will likely present important bank clean-up measures this week to clear up doubts about the solvency of the sector. Rajoy gave no details but said he would not rule out lending or injecting public money into the banking sector if necessary. Spain's real estate bubble burst in 2008 saddling banks with enormous amounts of bad loans. The Bank of Spain says the sector has about 175 billion euros ($230 billion) in "problematic" holdings. (AP Photo/Paul White)
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Spain Financial Crisis.JPEG
People walk past the Bankia bank headquarters in Madrid, Monday May 7, 2012. Spain's prime minister said Monday the government will likely present important bank clean-up measures this week to clear up doubts about the solvency of the sector, a key source of worry over whether Spain might need a bailout. Rajoy's comments came after El Pais newspaper said the government was preparing to help out troubled lender Bankia SA. Spain's real estate bubble burst in 2008, saddling banks with enormous amounts of bad loans as unemployment rose and people could not pay their mortgages. The Bank of Spain says the sector has about 175 billion euros ($230 billion) in "problematic" holdings. Bankia is known to be among the worst hit. (AP Photo/Paul White)
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Spain Financial Crisis.JPEG
A man checks his cell phone outside a Bankia bank office in Madrid, Monday May 7, 2012. Spain's prime minister said Monday the government will likely present important bank clean-up measures this week to clear up doubts about the solvency of the sector, a key source of worry over whether Spain might need a bailout. Rajoy's comments came after El Pais newspaper said the government was preparing to help out troubled lender Bankia SA. Spain's real estate bubble burst in 2008, saddling banks with enormous amounts of bad loans as unemployment rose and people could not pay their mortgages. The Bank of Spain says the sector has about 175 billion euros ($230 billion) in "problematic" holdings. Bankia is known to be among the worst hit. (AP Photo/Paul White)
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Spain Financial Crisis.JPEG
The Bankia bank headquarters is seen in Madrid, Monday May 7, 2012. Spain's prime minister said Monday the government will likely present important bank clean-up measures this week to clear up doubts about the solvency of the sector, a key source of worry over whether Spain might need a bailout. Rajoy's comments came after El Pais newspaper said the government was preparing to help out troubled lender Bankia SA. Spain's real estate bubble burst in 2008, saddling banks with enormous amounts of bad loans as unemployment rose and people could not pay their mortgages. The Bank of Spain says the sector has about 175 billion euros ($230 billion) in "problematic" holdings. Bankia is known to be among the worst hit. (AP Photo/Paul White)
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Banks to pay $25B for mortgage abuses
Federal officials say the five largest mortgage lenders have reached a $25 billion settlement with 49 states over foreclosure abuses that took place after the housing bubble burst. They will have three years to fulfill the terms of the landmark deal announced Thursday.
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