Video - Keep up to date on the latest in the housing market

Where America Stands: Homes

American retailers report that home sales are up, but sellers aren't getting the amounts they used to. Ben Tracy reports on the housing market for the CBS News series "Where America Stands."

Watch this video from CBS 60 Minutes.

A Second Mortgage Disaster On The Horizon?

It turns out the abyss is deeper than most people think because there is a second mortgage shock heading for the economy. In the executive suites of Wall Street and Washington, you're beginning to hear alarm about a new wave of mortgages with strange names that are about to become all too familiar. If you thought sub-primes were insanely reckless wait until you hear what's coming.

Watch this video from CBS 60 Minutes.

World Of Trouble

Three years before the housing market crash, Paul Bishop says he warned his superiors at World Savings that many of the mortgages they were granting were misleading and predatory.

Watch this video from CBS 60 Minutes.

Foreclosure Alley

For the past few years, the Inland Empire in Riverside County has been one of the fastest growing counties in the state - home to a major housing boom. But now the Inland Empire is pretty much the poster child for the foreclosure crisis. In the newer developments, house after house sits vacant - either up for auction, for sale by a bank or going for what’s called a “short sale” which is when the owner owes more than the house is worth.