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Housing Foreclosures

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  • Bank of America flag

    A select group of struggling mortgage borrowers are about to get an offer that sounds too good to be true. Executives at Bank of America admit that, as they begin mailing 200,000 letters offering certain customers mortgage principal reduction.

  • Short sales (selling the home for less than the value of the loan) are rising across the nation, and while they have yet to overtake foreclosure numbers in Atlanta, they are in fact up 120 percent from a year ago, according to RealtyTrac.

  • House Flipping Returns in Atlanta Thursday, 3 May 2012 | 2:18 PM ET
    House Flipping Returns in Atlanta

    CNBC's Diana Olick reports on Bruce Carlisle from Georgia Residential Partners, who is buying foreclosed homes, and selling them after investing anywhere between $15,000-$25,000 into fixing them up.

  • Southwest Airlines' Primary Cost: Fuel Wednesday, 2 May 2012 | 12:41 PM ET
    Southwest Airlines' Primary Cost: Fuel

    The FMHR traders discuss the state of the U.S. homebuilders industry, with Mike Murphy, Rosecliff Capital. CNBC's Kate Kelly also reports on Southwest Airlines' latest fuel strategy.

  • Flood of Foreclosures Still Fails to Materialize Wednesday, 2 May 2012 | 9:00 AM ET
    Foreclosure Sign

    The number of homes entering the foreclosure process rose 8.1 percent in March, according to a new report, but the volume is down more than 30 percent from a year ago.

  • Despite High Affordability, Renter Nation Reigns Monday, 30 Apr 2012 | 2:32 PM ET
    Home For Rent

    More Americans are renting homes, and fewer are owning them; it’s not as if this is news to anyone who follows the U.S. housing market, but a new report from the Census Bureau today really put an historical exclamation point on the trend.

  • Home Ownership Declines Monday, 30 Apr 2012 | 1:10 PM ET
    Home Ownership Declines

    Home ownership is falling to 65.4% from 66.4% one year ago, reports CNBC's Diana Olick.

  • Foreclosure Activity Returns in Majority of US Markets Thursday, 26 Apr 2012 | 11:39 AM ET
    foreclosure_paperwork_stamp_200.jpg

    Big jumps in foreclosure activity in cities like Pittsburgh, Indianapolis, New York and Raleigh pushed the national numbers higher in the first three months of this year, according to a new report from RealtyTrac.

  • Home Sales Contracts Rise 4.1% in March Thursday, 26 Apr 2012 | 10:00 AM ET
    Sold sign

    More buyers signed contracts to buy existing homes in March than the previous month, according to a new report, prompting one expert to say, “The housing market has clearly turned the corner.”

  • Housing: Bottom, Reversal or Just Noisy Numbers Wednesday, 25 Apr 2012 | 3:25 PM ET
    real_open_house.jpg

    It’s not crashing again, it’s just bouncing along a bottom, which means the recovery, as we’ve been warning all along, becomes increasingly local.

  • Mixed Housing Data Point to Uneven Recovery Tuesday, 24 Apr 2012 | 10:59 AM ET
    reduced_price_sign1_200.jpg

    A slew of new numbers from the housing market confirm that a warm spring did in fact pull sales forward, but the new activity was not enough to bring home prices out of their decline significantly.

  • Short Sales Higher, Prices Lower Monday, 23 Apr 2012 | 1:42 PM ET
    reduced_price_sign2_200.jpg

    Buyer traffic is strong, supply of homes for sale is low, and yet home prices continue to defy the usual formula, falling again in March.

  • Is Bottom In for Housing? Monday, 23 Apr 2012 | 12:15 PM ET
    Is Bottom In for Housing?

    The FMHR traders discuss whether Greenbrier is off track, since shares of the company are down 30% year-to-date. Megan McGrath, MKM Partners homebuilder analyst, also weighs in on whether D.R. Horton's earnings beat signals a strong Spring for housing.

  • Phoenix's Hard-Hit Housing Starts to Rise From Ashes Friday, 20 Apr 2012 | 10:46 AM ET
    A construction worker walks on the roof of a new home being built in Phoenix, Arizona.

    It was one of the worst housing markets in the U.S., but now investors are swarming over foreclosures in Phoenix, Arizona, in search of big rental returns.

  • Phoenix Housing Market Rises Thursday, 19 Apr 2012 | 1:33 PM ET
    Phoenix Housing Market Rises

    CNBC's Diana Olick reports on lower home supply numbers from Phoenix, down 42% from a year ago. Rick Sharga, Carrington Mortgage Holdings, weighs in.

  • Existing Home Inventories Down 1.3% Thursday, 19 Apr 2012 | 1:03 PM ET
    Existing Home Inventories Down 1.3%

    CNBC's Diana Olick explains how distressed existing home inventories are impacting existing home sales.

  • Report Estimates 8 Million Children Hurt by Foreclosures Thursday, 19 Apr 2012 | 12:28 PM ET
    foreclosure_toy_house_200.jpg

    Five years into the foreclosure crisis, one in 10 U.S. children has been or will be affected by the nation's surge in foreclosures, a new report says.

  • Lack of Distressed Supply Pushes Home Sales Lower Thursday, 19 Apr 2012 | 10:46 AM ET
    house-for-sale-us-flag-200.jpg

    Without a strong recovery in the job market and a big loosening in credit, which does not appear to be the case, regular demand for home purchases will remain soft.

  • Threats to Recovery? Thursday, 19 Apr 2012 | 10:09 AM ET
    Threats to Recovery?

    Discussing Thursday morning's major economic reports, including jobless claims and existing home sales, with Mark Zandi, Moody's Analytics chief economist.

  • Existing Home Sales Down 2.6% Thursday, 19 Apr 2012 | 10:05 AM ET
    Existing Home Sales Down 2.6%

    Big drops in inventories in the South and West are pushing home sales down, explains CNBC's Diana Olick.