Housing mortgage market in America

Feb. 21 - From Bakersfield, California to Trenton, New Jersey, U.S. cities and towns are grappling with the growing fallout from the real estate boom gone bust.

Some say the housing market could drop another 20-percent. Will the only solution be a tax-payer funded bailout?

UK housing market flattens

Feb. 19 - Credit concerns could lead to a deeper downturn in the British property market.

That's the opinion of Simon Rubinsohn, chief economist of the influential Royal Institute of Chartered Surveyors (RICS). Rubinsohn has told the Reuters Housing Summit that RICS is sticking with its zero percent house price forecast for 2008. But he said the probability of a 1990s-style housing crash in Britain was slim.