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CNBC's Diana Olick reports housing stocks are up on two big tax breaks in the "fiscal cliff" deal passed last night in the House.
CNBC's Rick Santelli looks at the "good" and "bad" in the housing recovery.
CNBC's Diana Olick reports mortgage rates went higher after Wednesday's FOMC meeting; and Stan Humphries, Zillow chief economist, and Brian Lewis, Halstead Property, weigh in.
Bank repossessions, or the final foreclosure stage when the banks take ownership of the home, jumped 11 percent in November, reports CNBC's Diana Olick.
Despite the overall drop in foreclosures, a huge backlog of homes already in the foreclosures process are finally going back to the banks in big numbers.
Construction spending has risen the most in five months, up 1.4 percent in October, reports CNBC's Tyler Mathisen, and CNBC's Diana Olick reports the amount of foreclosures is coming down.
Home prices are back on the rise, reports CNBC's Diana Olick.
Some fear the rapid increase in home prices could actually start hurting the housing recovery.
Buyers are coming back to the housing market in ever greater numbers, as an industry index measuring contracts to purchase existing homes surged 5.2 percent in October from September.
Fears of the fiscal cliff could be impacting potential buyers already. The new home sales monthly number from the U.S. Department of Commerce is based on signed contracts.
“Financing of first-time homebuyers with low down payments threatens to become a significant problem in the U.S. housing market,” says one housing expert.
The headline number for housing starts was big, exceeding expectations and sending the home builder stocks on yet another tear.
Sales of existing homes are recovering slowly, but a drop in supplies of those homes is pushing confidence among the new home builders to a six year high.
The federal agency that some credit with saving the housing market during the worst of the recent crash, may now be in need of taxpayer help itself.
The Federal Housing Administration (FHA), in a report due out Friday, could disclose that its reserves for future mortgage-insurance claims dipped into negative territory for the first time in almost a quarter of a century.
Officials at Bank of America said they are half way to fulfilling their mandate of providing $7.6 billion worth of consumer relief.
The mortgage interest deduction is now at risk, due to negotiations over the so-called “fiscal cliff”.
The homebuilders are rising from the ashes, after overbuilding and a credit crash sent sales and construction to levels not seen economists began counting all those numbers; they are rising, but not necessarily thriving.
The biggest fear relating to the fiscal cliff is that it will whipsaw back into a recession, with CNBC's Diana Olick.
As more investors vie for fewer foreclosed properties, prices are going up and great deals are getting scarce. See where the biggest foreclosure discounts are now.