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CNBC's Diana Olick has the detailson Fannie Mae offering new incentives to unload its inventory of over 150,000 REO properties and the foreclosure process taking longer in California.
What happens to the mortgage market over the next two, five or ten years as foreclosures continue to pile up and Fannie and Freddie haven't been reformed? Insight with CNBC's Mary Thompson.
The housing market in many US cities is performing better than recently released national data would suggest, leading some analysts and real estate brokers to express cautious optimism about the prospects for a recovery, reported the FT.
A look at the challenges in the tough real estate climate and where opportunities lie, with Debra Cafaro, Ventas Inc. president/CEO and CNBC's Diana Olick.
Will home values continue to sink or will the laws of supply and demand kick in to help keep the housing market and our still recovering economy afloat? Insight with Brian Wesbury, First Trust Advisors; Stephen Meister, Meister, Seelig & Fein, and CNBC's Diana Olick.
CNBC's Diana Olick breaks down the latest Case/Shiller data, showing home prices are way down, and not expected to get better anytime soon. Also, a look at the fallout for banks due to the decline in housing, with Paul Miller, FBR Capital Markets; and Peter Boockvar, Miller Tabak.
Keeping your fingers crossed for the housing market is just the tip of the iceberg. Prices have now fallen, on the S&P/Case Shiller Index, more than they did during the Great Depression.
Discussing strategies for homeowners who are trying to sell their homes or are struggling to keep up with their mortgages, with Steve Chaouki, TransUnion.
Earlier this week, when we got the report of a bump up in sales of newly constructed homes, I cautioned that the home builders are still facing huge competition from distressed properties. Today we have some new numbers showing just how big and how widespread that competition is.
The best number out of today's report on sales of newly built homes is not the 7.3 percent bump up in signed contracts, it's the drop in inventories to a 6.5 month supply.
Home owners could be in for a nasty surprise as borrowing costs return to normal over the medium term, according to Capital Economics.
These companies could actually benefit from home foreclosures, Cramer said.
CNBC's Diana Olick reports on big banks battling principal writedowns; uptick in CMBS securities deals, and Florida's infamous, "rocket docket", an expedited foreclosure system, is running out of money.
The nation’s biggest banks and mortgage lenders have steadily amassed real estate empires, acquiring a glut of foreclosed homes that threatens to deepen the housing slump and create a further drag on the economic recovery, the New York Times reports.
Not to sound like a broken record, but only when we work through the vast inventory and shadow inventory of foreclosed properties, can home prices bottom and housing overall recovery. Obviously certain states/markets are more burdened by the distress than others, but it's a universal truth.
CNBC's Dana Olick has the headlines in the real estate market, including Fannie Mae's forecast and a class action suit against Countrywide Financial.
Existing home sales were basically flat in April, down close to one percent month to month and down nearly 13 percent year over year, but you have to remember last year we were heavily under the influence of the home buyer tax credit. Now we are heavily under the influence of the mortgage market, or lack thereof.
Right now trophy properties seem to be finding themselves back in the bubble, says Richard LeFrak, The LeFrak Organization president.
CNBC's Diana Olick reports why the slow down in foreclosures might not be all good news.
CNBC's Diana Olick has the update on the real estate market.