The real estate market has been constrained by tight supply and tight credit, but one economist says this is why it will be a good year.» Read More
After several largely ineffective programs to help troubled borrowers and after fruitless attempts at budging the hard-line conservator of Fannie Mae and Freddie Mac, President Obama is proposing a brand new refinance program for borrowers who are current on their mortgages, regardless of who owns their loan; the catch is that this one has to go through Congress.
If the theme of tonight’s State of the Union address is fairness, then President Obama would be wise to steer clear of housing; most of the proposals to fix the nation’s still struggling real estate market are intrinsically unfair to a large majority of Americans.
In recent weeks we have outlined plans by hedge funds and private equity to buy up foreclosed houses, fix them and then rent them out. Sounds good on paper. But is it really?
The best and most expeditious way to clear the vast inventory of foreclosed properties weighing down today’s housing market is to get more investors in and sell them these properties at bulk discounts.
If you are in the market to buy a house, this is as good a time as you may find in the next twenty years to do so.
If there is a deal, beyond the politics, it could have a larger effect on the state of the housing market and its recovery.
CNBC's Diana Olick reveals the latest home building survey results.
Major private equity firm Carrington is ready to spend a half billion dollars to buy-up foreclosed properties from a major bank, with CNBC's Diana Olick, and Rick Sharga, Carrington Mortgage Services.
The Obama administration is very close to announcing a plan that would sell government-owned foreclosed properties in bulk to investors who intend to use them as rental properties. The hope is that by taking this inventory out of the sale pipeline, the program could help the broader housing market recovery more quickly.
A major collaborative effort is underway to sell the millions of dollars worth of foreclosed properties on the books of Fannie and Freddie, reports CNBC's Diana Olick.
There are opportunities in secondary cities, where capital has disappeared, such as Houston and Austin, says Len O'Donnell, President, USAA Real Estate.
CNBC's Jane Wells reports the S&P Case-Schiller Index reveals home prices are falling in most major cities for the second straight month, however, the second home market is seeing growth.
The S&P Case Shiller results for October show broad-based declines in home prices. Insight on the one-year change in home prices across the country, with David Blitzer, S&P 500 Index Committee chairman.
The National Association of Realtors announces existing home sales in November increased 4 percent, reports CNBC's Diana Olick.
What were the biggest business stories of the year? Many a journo-hotshot will be glad to tell you. But here at CNBC.com, we like when our readers tell us what interests you.
CNBC's Diana Olick reveals new data that suggests even more foreclosure problems are headed our way in the new year.
Despite a seasonal slowdown in overall foreclosure activity, and a process still bogged down and backed up by the "robo-signing" processing scandal, the U.S real estate market is about to be hit by another surge of bank repossessions, according to a new report from the online foreclosure sale site RealtyTrac.
Housing may have been the catalyst for the Great Recession, but it is not number one on America’s fix-it list for our next President.
These cities are where your real estate dollar would go the furthest — places where you can buy the most space with the least amount of money.
After years of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound. In some metropolitan areas, the market has clearly bottomed, with sales and prices rising and foreclosures declining.