Rep. Loretta Sanchez is concerned tight mortgage lending requirements are making it difficult for the middle-class to become homeowners and forcing them to become renters. "Lending requirements are still too tight," Bernanke agrees.
The sales pace is back to what it was in 2005 and 2006, but the circumstances are of course very different. Now it's about stiff competition for limited supply.
Bruce Kasman, JPMorgan Chase; and Stephen Bodurtha, Citi Private Bank, provide an in-depth look at where affluent investors are finding returns amid economic uncertainty.
Applications for home mortgages dropped last week for a second-straight week as a spike in interest rates stymied demand for refinancing, the Mortgage Bankers Association says.
CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
Roger Nightingale, Economist at RDN Associates says the global economy is in a deceleration phase but markets are being supported by the liquidity.
Richard Martin, Managing Director of IMA Asia joins in the conversation.
Richard Martin, Managing Director of IMA Asia says with positive economic data out of the U.S. the Fed will certainly wind down QE at the end of the year.
Thanks to the brightening employment picture and an uptick in the housing market, Americans are packing up and relocating. And the pace is likely to pick up this summer.
Prices are just stabilizing in South Carolina, but in Long Island's Hamptons, home prices are roaring back and rentals are fully booked for the season.
CNBC's Robert Frank takes you inside America's most expensive home: a $190 million, 50-acre, 13,500-square-foot estate in Greenwich, CT, that includes two islands and 1-mile of shoreline.