Page 11 - Housing Problems News Today

Becoming homeowners and start making the cycle work to a better cycle. jenna: the intention of the plans as you mentioned was to soften the blow of the housing market. and in your opinion it just delayed it. so now were going into another election cycle. how do you think housing plays as an issue for 2012? does it have a role? >> i think it does have a role. it has a role particularly in a lot of these markets. like the signs you just showed. in florida, nevada, california, these are places that...

They rolled out the deals to try to get people to come back to them. you could see economic growth take a hit as well. if you look at food, energy, all the stuff going up, combine that with the housing problems, people arent feeling as wealthy. whatever the case may b some of the analysts have lowered their growth estimates for the quarter. you are seeing that happen. >> this is all feeding this inflation pain. long-term outlook is what? >> depends who you ask. the fed is saying the inflation is...

What happens? you cant pay your mortgage. these housing problems are not a function of subprime in 06. these housing problems are a direct reflection of the unemployment in 2011. 23% of mortgaged homes in america, 23%, call it 1? 4, are under water, where they again owe more than the house is worth, the foreclosures up to 1 million last year, 2010, that was a newspaper better that was -- i wont layer too many more statistics to back up my point. theres a massive unemployment in housing crisis th...

Average nevadaens view the race. >> harry reid is the most powerful democrat in the u.s. senate. seeking a fifth term in office and challenged by sharron angle. this race has been nasty, divisive and neither candidate is very popular and as we found out their constituents here are tough customers. >> away from the big campaign events and cameras, the few of nevadas tight senate race looks a little different. >> right now everyone in nevada going through the housing problems and foreclosures and ...

Average nevadaens view the race. >> harry reid is the most powerful democrat in the u.s. senate. seeking a fifth term in office and challenged by sharron angle. this race has been nasty, divisive and neither candidate is very popular and as we found out their constituents here are tough customers. >> away from the big campaign events and cameras, the few of nevadas tight senate race looks a little different. >> right now everyone in nevada going through the housing problems and foreclosures and ...

If the foreclosures that are going on in this country continue to mount and depress home prices further, that could affect the economy even more, and foreclosures right now are running about ten times higher than before the housing bust. we have terrible existing home sales, foreclosures skyrocketing, and that does what to the greater economy. >> reporter: that drags the overall economy down, basically. we are now talking about double-dip recession. that is how big an impact the housing numbers ...

Each claiming to be his his truss. they did not release details of the divorce. they will share custody of two young children. foreclosure crisis still hitting hard across the nation. remember, housing problems helped push the economy into the recession in the first place. now we are told banks are taking over homes at a near record rate. more than 90,000 repossessions last month alone, thats according to the foreclosure listing service relative track. company predicts foreclosures this year wil...

Funding from bp and all of the institutions are engaged in developing proposals and research projects to go assess the impact of this horrible tox i toxic plume. >> thank goodness. a gem of the gulf coast, you gays are busy these days. good luck. >> thank you. were very busy and redistracted with this but its very important work for sure. >> shepard: ill say. moten marine laboratories, google it. appreciate your time. >> thank you. the oil spilling in the gulf, fairing of the war commander in ...

Violations that may have been happening inside the building that exploded, where the landlord was not taking care of things. you hear all these kinds of stories and some people in the neighborhood are saying this is what happens when the concerns of people are not addressed. now, theres no confirmation yet of exactly what was wrong in the building, if anything. we do know, and con ed has confirmed, that there were reports of a gas leak somewhere nearby. its unclear whether those reports came fro...

Lost because they had the rug pulled out from under them from any number of influential conservatives from carl rove to the senate minority leader himself mitch mcconnell. the dam started to break yesterday afternoon as soon as mcconnell announced he was pulling the rug out from under him. he was going to push him to come back and fight for something more. at the end of february. so thats where we stand right now, dylan, the president winging his way to his home of hawaii. the congress is long g...