While homeownership has long been deemed the "American dream," it may not actually make sense for younger Americans right now, according to Zillow.» Read More
"We do think over the long term Fannie Mae can have strong profitability and can return a considerable amount of value to taxpayers," but as Tim Mayopoulos cautions, that depends on housing prices and other factors.
Whether it is attitudes or lack of available credit keeping the rental market on a tear, at some point, as happened during the housing bubble, prices will prevail.
Investors in housing are buying up as many distressed properties as they can find, but investors in the mortgage market are still sidelined, burned by the subprime bust that left many of them with huge losses.
Prices rising. Bidding wars. Homes selling over list price. It's not 2005. It's 2012. In Compton, California.
American homes have never been more affordable than they are today. Prices are down dramatically, mortgage rates are at record lows and desperate sellers are willing to make concessions. Still about one third of Americans choose to rent.
Housing has never been more affordable, and yet home ownership is still falling and more Americans are renting. The supply of homes for sale is down 24 percent from a year ago, according to the National Association of Realtors, but that still doesn’t explain why so few buyers are jumping in. The answer lies in the immobile move-up buyer.
Despite strong pressure from the Obama administration, a federal regulator will not allow Fannie Mae and Freddie Mac to reduce mortgage principal.
This is not the first time since the initial home price collapse in 2006 that we have seen prices rise, only to fall again.
The supply of empty homes for rent is falling, and the nation’s homeownership rate is hovering near a fifteen year low. How can that be when the housing market is finally turning around and more homes are selling? The answer is simple: Investors.
Home buyers signed fewer contracts to buy existing homes in June, despite renewed optimism in the overall housing recovery.
While fewer Americans are falling behind on their mortgage payments, the huge backlog of already delinquent mortgages is finally making its way through the banking system to foreclosure.
RealtyTrac's latest survey shows foreclosures are going to get a lot worse before they get better, with Brandon Moore, RealtyTrac CEO.
Sales of newly built homes fell hard in June, despite newfound optimism in the housing recovery, especially among the home builders themselves.
“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.