Supplies are at levels not seen since the frenzy of the last housing boom while the median price for a new home hit a record high, further signs that housing is recovering.» Read More
Rates on 30-year mortgages edged down this week to their lowest point in a month, a spot of welcome news to would-be homebuyers.
Freddie Mac, the second-biggest provider of funding for U.S. residential mortgages, on Wednesday said its first-quarter loss widened slightly as its credit losses deepened.
Toll Brothers, the largest U.S. luxury home builder, said on Tuesday it expects to report a 30 percent drop in home-building revenue for the quarter ended April 30.
The median value of existing U.S. single-family home sales in metropolitan areas fell 7.7 percent in the first quarter from a year ago, the National Association of Realtors said.
A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market.
Pending sales of previously owned homes fell 1 percent in March, as expected, as turmoil in the housing and mortgage markets continued, a real estate trade group report Wednesday showed.
Financial markets expect Fannie Mae, the biggest provider of funding for U.S. home loans, can reverse losses by applying $6 billion in fresh capital toward profitable investments, the company's federal regulator told CNBC on Wednesday.
The U.S. dollar's slide against the euro could make it attractive for U.S. investors who bought real estate in Germany three or four years ago to start offloading some of those properties.
The House is due Wednesday to begin debating a housing rescue package that could see the government buy up $15 billion of abandoned homes and help an estimated half million homeowners facing foreclosure.
Fannie Mae on Tuesday cut its dividend and set plans to raise $6 billion in fresh funds to weather the severe U.S. housing market slump, driving its shares and the broader U.S. stock market lower.
Federal Deposit Insurance Chairman Sheila Bair is finalizing a legislative proposal that will let the Treasury Department issue direct loans for nearly 1 million homeowners, in a move to prop up the housing market, the Wall Street Journal said on Wednesday.
CapitaLand, Southeast Asia's top property developer, reported a 59 percent slide in quarterly profit due to weaker sales in Singapore and lower one-off gains, and said home buyers would remain wary amid the global credit crisis.
A recent "euphoric" rebound in stocks and non-government bonds may be premature as deeper home price declines threaten the economy and financial markets, said the manager of the world's biggest bond fund.
Prices of existing US single-family homes extended their slump in February, with 17 of the 20 measured regions posting record annual declines.
Countrywide Financial and GMAC, which run the largest independent U.S. mortgage lenders, on Tuesday posted big first-quarter losses, hurt by credit problems as the nation's housing slump deepens.
U.S. home foreclosure filings jumped 23 percent in the first quarter from the prior quarter, and more than doubled from a year earlier, as more overextended borrowers failed to make timely payments, real estate data firm RealtyTrac said Tuesday.
The man credited with developing the financing of the modern U.S. mortgage industry says home values have fallen more than their listed prices suggest but they could hold steady with the help of a bill in Congress.
The share of U.S. homes owned but empty edged up in the first quarter to a record high 2.9 percent, the U.S. Census Bureau said Monday in a report adding more evidence of a deepening housing slump.
Australia's debt-laden Centro Properties Group said it is seeking bids for 25 of its shopping centres, but hopes to retain at least 50 percent ownership in them to retain management and leasing control.
Bank of America said Tuesday it plans to stop offering some riskier mortgage loans after it finishes buying Countrywide Financial, the largest U.S. mortgage lender.