The Madeleine Brand Show for December 6, 2011

Housing prices continue to drop

August Foreclosures Rise To Highest Since Level Beginning Of Housing Crisis

Joe Raedle/Getty Images

More bad news for homeowners. A survey out today by the group Core Logic finds housing prices down almost 4 percent over the past 12 months. Core Logic predicts prices will remain flat through next year. Meanwhile, debate over why the housing market bubbled up and crashed continues. Explanations include: lax lending policies by Freddie Mac and Fannie Mae, private mortgage companies too eager to write loans and greedy homeowners wanted more than they could afford. KPCC's Steve Proffitt reports.

blog comments powered by Disqus