Not everyone can take out a mortgage to buy a home, but the American dream is still attainable for the vast majority of Americans, Hamm says. How do you get your finances into good enough shape to buy a house? Hamm walks readers through the road to homeownership.
Fannie Mae and Freddie Mac: The overhaul, which would only help a fraction of the country's 11 million underwater borrowers, is the latest government effort to breathe life into the crippled US housing market.
The recovery from devastating tornadoes across the South accelerated over the weekend as federal and state agencies moved quickly to help the thousands of people left homeless.
The foreclosure crisis over paperwork may sting big banks and slow the foreclosure process, but it is unlikely to have lasting effects on the housing market, say financial experts.
President Obama spoke on the fifth anniversary of the day the Hurricane Katrina touched ground in the Gulf Coast. He also addressed the recent Gulf oil spill that continues to impact the region.
With housing starts rising in April, HUD Secretary Shaun Donovan says his department will reallocate up to $1 billion to help areas where the housing industry has not recovered.
Scientists predict a Haiti-magnitude earthquake along the New Madrid fault during the next 50 years. The fault runs under the Mississippi Delta, one of the poorest parts of the US.