High prices and low inventory left the number of signed contracts to buy existing homes flat in October.» Read More
“It’s bad news for equities indices. We have to see if like other companies, this is just sort of a hiccup, or there’s something structural here," one pro said.
Home prices rose according to the online real estate firm Zillow, a mere 0.2 percent in the second quarter of this year annually for the first time since 2007, prompting the site to call a “bottom” to home prices nationally.
Mortgage rates are a full percentage point below where they were one year ago, and that recently sparked yet another spike in mortgage refinance applications, according to the Mortgage Bankers Association.
Homeowner associations are now going after banks, claiming they are not paying fees on homes they’ve repossessed.
In a normal housing market, lack of supply is generally considered a good thing. Home prices rise and homeowners gain equity. But like so many things in this recovery, that premise doesn’t exactly apply.
CNBC's Diana Olick reports the disappointing numbers on housing's existing home sales.
More than 1.5 million older Americans already have lost their homes, with millions more at risk as the housing crisis takes its toll on those who are among the worst positioned to weather the storm, an AARP report says.
As part of the $25 billion settlement over mortgage “robo-signings,” Bank of America offered an average $150,000 reduction in loan balances. More than half the 60,000 offers in the first mailing went unanswered.
From falling home values and impaired labor mobility to backed-up inventories and a flood of foreclosures, the real-estate downturn affects the economy at large in countless ways.
Homebuilders today are feeling more confident than they have in more than five years. Recent earnings reports from the big public builders have shown spikes in new orders for single family homes, and competition from foreclosures has eased.
Officials in San Bernardino County, California Friday looked into the possibility of using the powers of eminent domain to seize underwater mortgages and cut their principal balances.
The recent growth in U.S. home prices may hit a roadblock in the coming months, thanks to a new supply of distressed properties hitting the market.
Even though housing prices rose across the country in the Spring, those gains are growing ever more precarious because they rely on a supply of low-priced, distressed properties, which is quickly shrinking.
Fraudulent foreclosure practices, a.k.a. “robo-signing,” uncovered now nearly two years ago, opened a new wound in the foreclosure crisis that was in the process of healing.
It should come as no surprise that the commercial real estate sector most sensitive to unemployment is office; that’s where people work. Slow job growth has helped a little, but really only in the trophy, coastal markets, so it may come as a surprise that investors are suddenly bullish on the sector.
Tight supply and heavy demand for apartments means rents are increasing across the country, and will likely increase more. But is this the right time to buy into this market?
Hammers are coming down on the high end again, as the ritziest in real estate finally come out of hiding. Vacation homes in some of the most coveted locales are seeing price gains again, so potential buyers are now looking to builders. The question is, where are you getting the most bang for your big bucks?
What U.S. cities have the best credit scores for 2012? Click to find out.
Four million Fannie Mae and Freddie Mac borrowers could stand to save hundreds of dollars per month refinancing their home mortgages under new programs that were not available until just a few short years ago.
Announcements of a housing recovery have become a wrongheaded rite of summer, but after several years of false hopes, evidence is accumulating that the optimists may finally be right the New York Times reports.