Housing Foreclosures


  • BOA's Mortgage Offer Gets Surprise Response Wednesday, 18 Jul 2012 | 1:17 PM ET

    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.

  • The 10 Emptiest US Cities 2012 Tuesday, 17 Jul 2012 | 12:12 PM ET
    It’s no secret that the U.S. housing market has seen better days. From falling home values and impaired labor mobility to backed-up inventories and a flood of foreclosures, there are countless ways that real estate affects the economy at large. One of the unfortunate results of a bad housing market is an increase in vacant homes, which has increased by 43.8 percent since 2000, Homes can be vacant for many reasons, but are defined as both rental inventory that are unoccupied and “for rent” as wel

    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 Most Confident in More Than 5 Years Tuesday, 17 Jul 2012 | 10:00 AM ET

    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.

  • home_underwater2_200.jpg

    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.

  • What Recovery? Home Prices May Hit Roadblock Soon Thursday, 12 Jul 2012 | 11:10 AM ET
    Foreclosed Home

    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.

  • Foreclosure

    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.

  • As Foreclosures Ramp Up, New Roadblocks Ahead Monday, 9 Jul 2012 | 4:25 PM ET

    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.

  • commercial_real_estate_sign.jpg

    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.

  • Is the Apartment Rental Market Overheating? Thursday, 5 Jul 2012 | 2:08 PM ET

    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?

  • Best Places to Build Your High-End Vacation Home Tuesday, 3 Jul 2012 | 10:59 AM ET
    Hawaii Luxury Home

    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?

  • Cities With the Best Credit Scores 2012 Friday, 29 Jun 2012 | 2:09 PM ET
    Average Credit Score: 789Average Debt: $22,439Average Number of Late Payments: 0.27Average % Credit Available: 77.52Average Number of Open Credit Cards: 1.71The highest-ranking city is Wausau, Wis., a remarkable development considering that in the previous year, it didn’t even make the list. Interestingly, of all 10 cities on this list, four including Wausau, are located in the state of Wisconsin. When it comes to managing personal credit and debt, the people of Wisconsin must be doing something

    What U.S. cities have the best credit scores for 2012? Click to find out.

  • Mortgage

    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.

  • After Years of False Hopes, Signs of a Turn in Housing Thursday, 28 Jun 2012 | 1:06 AM ET

    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.

  • Strong Housing Numbers, Still Slow Recovery Wednesday, 27 Jun 2012 | 10:00 AM ET

    The number of home buyers signing contracts to buy existing homes jumped nearly six percent in May to the highest level since April of 2010.

  • Have Home Prices Hit Bottom? Tuesday, 26 Jun 2012 | 11:58 AM ET

    For the first time in seven months, home prices as recorded on the S&P/Case Shiller Home price Indices saw month-to month gains. The press release even referred to it as a “spike.”

  • Homebuilders Get Boost, but Face Rocky Road Monday, 25 Jun 2012 | 11:07 AM ET

    Sales of newly built homes in May hit the highest level in two years, and the median price of those homes was 5.6 percent higher than it was a year ago. The number of new homes now expected to sell in 2012 is 369,000. Great news…sort of.

  • Why Home Prices Are Better and Worse Friday, 22 Jun 2012 | 12:18 PM ET

    The number of monthly and quarterly home price reports has proliferated to the point of almost weekly readings and the trouble is, they each use different data sets and methodologies.

  • New Housing Crisis: Not Enough to Buy Thursday, 21 Jun 2012 | 10:57 AM ET

    Sales of existing homes declined in May, according to a new report from the National Association of Realtors, not just because the overall housing market is struggling, but because there are simply not enough homes to buy.

  • Investors Get Creative with Hot Rental Market Wednesday, 20 Jun 2012 | 11:38 AM ET

    Not scared off by mortgage-backed securities, investors are now looking at another housing-related security…this time backed by rent.

  • Housing Isn't a Buyer's Market for Many First-Timers Wednesday, 20 Jun 2012 | 11:07 AM ET

    As the nation's housing market shows signs of bottoming after years of decline, many first-time buyers are getting a rude awakening. Instead of having their pick of homes to buy, they're facing bidding wars spurred by shrinking numbers of homes for sale, USA Today reports.