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