Scholars have long argued that the mortgage deduction supporting housing is not economically efficient.
In a survey released last week, nearly half, or 49 percent of U.S.
adults surveyed for two real estate Web sites are at least somewhat
likely to consider buying a foreclosed property. That's up from 45
percent in May.
In a largely token vote, the House on Wednesday declined to override
President Barack Obama's veto of legislation that could have facilitated
the processing of home foreclosure documents.
The number of Americans at risk of foreclosure improved slightly over
the summer but hardly enough to suggest the crisis in the housing market
is close to over.
Most U.S. homeowners should get some relief on their heating bills this winter. Gas prices are dropping.
Housing analysts say scandalous bank procedures threaten to further unhinge the housing market.
Thousands lined up at the L.A. Convention Center on Thurs for help with mortgages they can no longer afford.
Obama tackles foreclosures with an effort to assist
homeowners who owe more than their homes are worth.