The Bush administration is working to combat the country's severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday, adding that a correction in the housing market is "inevitable and necessary." ...more

January 8, 2008

The Tampa Bay area's once red-hot real estate market continued to cool this year, even exceeding some economists' gloomiest predictions. During the housing boom, Bay area home prices skyrocketed nearly 140 percent, with the average home price peaking at $237,800 in August 2006. They held steady during most of 2006, when prices were falling in other parts of the country. ...more

December 30, 2007

Support is growing on several fronts in Washington for mortgage-industry reforms and homeowner-assistance programs with broader potential impact than the Bush administration's plan to freeze interest rates on a small percentage of home loans. ...more

December 18, 2007

People taking out home mortgages may gain new protections soon against shady lending practices as the Federal Reserve seeks to back even the riskiest borrowers, already hit hardest by the housing and credit crunches. ...more

December 16, 2007

Toll Bros. Inc., the nation's largest builder of luxury homes, reported its first quarterly loss in 21 years Thursday as the housing downturn that the company called the worst in four decades deepened. ...more

December 7, 2007

The CEO of the country's biggest mortgage lender says greater government intervention is needed to rescue the U.S. housing market as his peers warn the worst is yet to come. ...more

December 4, 2007

TAMPA - Suddenly, it seems that every charming, affable actor from the 1960s and '70s is pitching something called a reverse mortgage. ...more

November 17, 2007

Fannie Mae's third-quarter loss more than doubled to $1.4 billion, the mortgage finance company said Friday, while forecasting industry troubles through 2008 because of mounting home loan delinquencies. ...more

November 10, 2007

Wall Street suffered its second big drop in a week Wednesday, with investors worried about spreading fallout from the credit crisis at banks and about a dollar that just keeps getting weaker. The Dow Jones industrial average fell more than 360 points - just about matching its pullback Nov. 1. ...more

November 7, 2007

Gasoline prices jumped back above $3 a gallon at the pump Monday even as concerns about the economy and increases in crude supplies sent oil prices lower. ...more

November 5, 2007