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2nd NAMED STORM FORMS

Tropical Storm Bertha has formed over the Atlantic with winds of 45 miles per hour. The storm is not forecast to become a hurricane. The storm is not forecast to move into the Gulf of Mexico.

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TROPICAL STORM BERTHA

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Housing market improving

For years, it seems like we were only reporting negative headlines on the housing market.

Now: Foreclosures are falling, sales are rising, and prices are up.
And that means a much better situation for struggling homeowners.
A new reading by Realty-Trac shows that the surge in prices has helped almost two-million homeowners get back above water on their mortgages.

There are still nine million homeowners seriously underwater - meaning their debt exceeds their home's value by 25% or more.

That's down from 10.9 million, or 26-percent, of all properties a year earlier.