Short-term government initiatives and long-term market forces are likely to affect the market for years to come.
Interest rates are at rock bottom. Housing affordability is at a record high and the glut of available properties on the market has left buyers holding all the cards. If your long-term financial plan includes the purchase of a second home, or vacation property, now may be the time to make your move.
While most mortgage rates head lower, buying or refinancing a more expensive house is getting harder. "I don't see the situation for jumbo rates improving for more than a year or two," says one economist.
House Financial Services Chairman Barney Frank (D-Mass.) says the drastic steps the Obama administration is taking in dealing with the nation's struggling automakers further underscores the need for the government to have so-called resolution authority to take over and unwind the businesses of big non-bank companies.
Iconic investor Donald Trump offered CNBC his take on the economy, financials and the state of real-estate investing.