Discussing home foreclosures in the city of Detroit, with Dani Babb, The Babb Group CEO, and Charlie LeDuff, author of "Detroit: An American Autopsy."» Read More
U.S. home foreclosure filings slid 23 percent in March, helping bring first-quarter foreclosure activity to its lowest level since 2007.
WASHINGTON, April 10- The number of U.S. home foreclosure filings slid 23 percent in March from a year ago, helping bring first-quarter foreclosure activity to its lowest level since the second quarter of 2007, a report from RealtyTrac showed on Thursday.
Most of the growth in home sales is in the higher end of the market, where buyers have higher credit scores and higher down payments.
Would-be buyers out trolling neighborhoods are finding higher prices than they expected. Home prices are up 12 percent from a year ago.
Vacation home sales are on a tear, and more than half of the owners say rentals are already booked for at least half the summer.
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One long winter may be impacting traders' sentiment on home builder stocks.
Realtor.com ranked the top 10 markets for first-time home buyers, using five factors to judge the best, including time on market.
Realtors have blamed particularly rough winter weather in much of the country for the slowdown in sales, down 10.5 percent from a year ago.
It is still snowing in much of the Northeast today, but warmer weather in recent weeks may have had more potential home buyers out on the prowl.
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Wells Fargo produced a 150-page manual to fabricate missing documents to speed foreclosures, a lawsuit claims, according to published reports.
Five of the nation's largest banks have satisfied their consumer relief and refinancing obligations under a mortgage settlement.
The pace of growth in China property prices slowed further in February, according to Reuters calculations based on official data.
A new report found "significant deficiencies" in DOJ's ability to report accurately on its mortgage fraud efforts, including a lack of data.
A new study says 10 percent of all renters want to buy a home this year, but face considerable hurdles like tight credit and higher prices.
Institutional investors' ownership of residential properties helped push the price of homes up 14 percent over three years, RealtyTrac says.