Investors are wary of insurance guarantees for some bonds issued by cities to fund capital projects.
A slump seems inevitable, many experts now say. But they differ on its duration.
Stronger financial institutions are purchasing weaker ones. Case in point: Bank of America has announced it will purchase Countrywide Financial.
Down 3.3 percent in the past year, median US home values are still 7.6 percent above 2004 levels.