PLEDGE NOW
Foreclosures, Housing & Recovery

We look at real estate now, the new foreclosure scandal, and what housing means for the recovery.

Realtor Dorothy Buse stands in front of a foreclosed home in Kissimmee, Fla., Oct. 6, 2010. (AP)

Housing – real estate – was at the heart of the great bubble. It’s been – right alongside joblessness – at the heart of the great bust.

People are struggling to keep their homes, to get out from under their homes. A tidal wave of foreclosures is sweeping through shell-shocked communities. And now, scandal has hit in the foreclosure process. There are charges that giant banks broke all the rules.

Foreclosures are being frozen. It may mean a moment’s relief but a much longer road to getting real about real estate.

We dive into American housing, the whole economy, and the value of a home.

-Tom Ashbrook

Guests:

Diana Olick, real estate reporter for CNBC.

Karl Case, professor emeritus of economics at Wellesley College and co-creator, with Robert Shiller, of the Standard & Poor’s Case-Shiller housing index. Read Karl’s “Reflections on the Housing Market” in verse.

Ivy Zelman, CEO of Zelman & Associates, a consulting group which focuses on the housing industry.

Allen Sinai, founder, chief global economist and president of Decision Economics, Inc.

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ONPOINT
TODAY
Aug 31, 2015
A television photographer takes video of a memorial for the two slain journalist in front of the studios of WDBJ-TV7 in Roanoke, Va., Thursday, Aug. 27, 2015. Reporter Alison Parker and cameraman Adam Ward from the station were killed during a live broadcast Wednesday.  (AP)

Lessons from the Roanoke TV shootings. We’ll look at the way forward with the New York Times’ Nick Kristof and other top thinkers.

Aug 31, 2015
While the jury still deliberates, former St. Paul's School student Owen Labrie, left, leaves the Merrimack Superior Court at the end of day with security in tow Thursday, Aug. 27, 2015, in Concord, N.H.  Labrie was convicted by a jury of several misdemeanors, but ruled not guilty in the most serious felony sexual assault charges. (AP)

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Aug 28, 2015
WDBJ-TV7 meteorologist Leo Hirsbrunner, right, wipes his eyes during the early morning newscast as anchors Kimberly McBroom, center, and guest anchor Steve Grant deliver the news at the station in Roanoke, Va., Thursday, Aug. 27, 2015. Reporter Alison Parker and cameraman Adam Ward were killed during a live broadcast Wednesday, while on assignment in Moneta. (AP Photo/Steve Helber)

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