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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
Apr 17, 2015
Florida Sen. Marco Rubio waves to supporters as his wife Jeanette joins him on stage, after he announced that he will be running for the Republican presidential nomination, during a rally at the Freedom Tower, Monday, April 13, 2015, in Miami. (AP)

Hillary and Rubio, in for 2016. Congress, in on the Iran Deal. And a Gyrocopter on the Capitol lawn. Our weekly news roundtable goes behind the headlines.

Apr 17, 2015
The members of all-female mariachi band Flor de Toloache (Courtesy the Artist).

An all-female band takes mariachi to old places and new. We’ll talk with the women of Flor de Toloache.

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Apr 17, 2015
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Apr 17, 2015
Florida Sen. Marco Rubio waves to supporters as his wife Jeanette joins him on stage, after he announced that he will be running for the Republican presidential nomination, during a rally at the Freedom Tower, Monday, April 13, 2015, in Miami. (AP)

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