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It's taken several years, but in many parts of the country, home prices are nearly back to where they were at the peak. In places like Florida, where the housing recession hit hard, home prices rose last year by one-fifth or more.

A major factor in the price rise is hedge funds, private equity firms and other large investors. They've moved aggressively into the residential market over the past two years, buying tens of thousands of distressed properties, often at bargain prices.

Some analysts are worried that those bulk purchases will leave middle-class buyers out in the cold.

One place where investors have been very active is Florida's Palm Beach County. Jeff Lichtenstein is a real estate agent there, and he's busy. He's listing and selling homes at a pace reminiscent of the go-go days of the last real estate boom back in 2005 and 2006. "I have 19 or 20 under contract right now, which is the most I've had at any given time," he says.

Lichtenstein is currently showing a home he has listed in PGA National, a resort and residential development with more than 5,000 homes. It's a community of palm trees, lakes, golf courses and manicured lawns.

"This was built in '92 or '93. Three bedrooms, three baths," he explains as he shows off the house, which has a back patio looking out onto a golf course. "The view is what people come here to Florida for."

The home is listed for $499,000, a bit below what it would have sold for at the peak, Lichtenstein says. But in Florida, Arizona, Las Vegas and parts of California, prices are rising fast. In South Florida, home prices climbed 21 percent last year.

Big-Money Investors, Buying To Rent

Homes, especially foreclosures and short sales, are being snapped up as soon as they go on the market, mostly by large investment groups. Companies like the Blackstone Group, Colony Capital and Starwood Property Trust have spent billions over the past two years buying homes across the country and putting them on the rental market.

Business

Marching Into Spring, Realtors' Hopes Rise

Think of the budget plan released Tuesday by President Obama as a magic wand. If he could wave it and make every line come true, how would the U.S. economy look?

Like this:

Wealthier Americans would be paying more in taxes, while poorer ones would be getting new tax credits. More roads would be under construction and scientists would be receiving more funding. Smokers would be paying more in taxes to allow four-year-olds to attend preschool.

Obama's focus is on job creation, job training and education — and he would pay for changes by imposing higher taxes.

But Republicans don't see a magic wand. They view the White House budget as a club that will beat down the economy with heavier taxes.

The Obama plan "would demand that families pay more, so Washington can spend more," House Budget Committee Chairman Paul Ryan, R-Wis., said Tuesday in a statement. "Republicans believe in a different vision."

On Monday, Ryan released a report suggesting that the government eliminate funding for many poverty programs he says have failed.

So are the two economic visions really so different? How?

Alan Viard, a fellow at the American Enterprise Institute and a former staff economist for the George W. Bush administration, said he does see immense differences between Obama's and Ryan's fiscal plans.

In effect, Obama would tweak the budget to try to shrink income disparities. But Ryan, he says, would radically change the budget by instituting structural changes in taxes, anti-poverty programs and entitlement programs such as Medicare and Medicaid.

In that sense, Obama's plan could be seen as a less dramatic approach in that it would stay closer to the country's existing path, Viard says. "There's nothing 'socialist' in Obama's budget. It's a commitment to the status quo, with minor changes that he would consider improvements."

It tilts the economy more in the direction of taxing the rich to help the poor in the short term, he adds, but without changing big entitlement programs for the long term.

Obama Budget: A Blueprint With Little Chance Of Passage

When Congress passed a farm bill earlier this year, it expected to save $8.6 billion over 10 years by tightening what many say is a loophole in the food stamp, or SNAP, program. But it's not going to happen.

You see, Congress left states an opening to avoid the cuts. And so far, nearly half of the states participating have decided to take that option – a move that could erase the promised savings.

So many states are rebelling against the cuts that House Speaker John Boehner is urging his fellow members of Congress to act.

"Since the passage of the farm bill, states have found ways to cheat, once again, on signing up people for food stamps," Boehner, an Ohio Republican, told reporters Thursday. "And so I would hope that the House would act to try to stop this cheating and this fraud from continuing."

The cuts were related to a program known as "heat and eat." In the past, it had allowed the participating states to give low-income residents as little as $1 a year in home heating aid so they'd qualify for more food stamps.

States said it made the program easier to administer and got help to those who needed it. But the maneuver was called a loophole by both Republicans and Democrats. So last month, Congress agreed to raise the amount of utility assistance states would have to pay to trigger the provision — to more than $20 a year.

The idea was that many of the states that use "heat and eat" would decide it wasn't worth their while. The expected result? Some 850,000 food stamp recipients would have their benefits cut an average $90 a month, which is where the savings would come in.

Turns out, Congress was wrong.

The Salt

See How Food Stamp Cuts Are Hitting Across The U.S.

There are more than 4 million American families living under the poverty line today that are led by a single mother. Katrina Gilbert is one of those moms.

Gilbert is a certified nursing assistant in Tennessee. To support her three children, she sometimes works seven days a week at a nursing home. But at $10 an hour, her paycheck doesn't go very far.

HBO followed her for a year for its upcoming documentary, Paycheck to Paycheck: The Life and Times of Katrina Gilbert. The film airs Monday and will also be available online.

For Tell Me More's year-long series marking the 50th anniversary of the War on Poverty, Gilbert spoke to host Michel Martin about the film and the challenges she faces in her day-to-day life.