Seven out of the top 100 metropolitan U.S. housing markets are considered overvalued, compared to four last fall.» Read More
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.
As we head toward the end of the year, for some reason the drumbeat to claim that housing has bottomed is growing louder.
For the past several months, Realtors across the nation have been reporting an ever-increasing number of cancelled existing home sale contracts. The latest Realtors Confidence Index now puts the cancellation rate at 20 percent, way up from the historical norm of around four to six percent.
After a year of fruitless negotiations between major U.S. banks and the nation's state attorneys general, Massachusetts has filed the first major lawsuit over so-called "robo-signing" foreclosure processing.
New details are out on the first major state lawsuit against five big banks over foreclosure processing, with CNBC's Diana Olick.
Foreclosures are setting new records again, this time not in their overall numbers, but in the time it is taking for all of these properties to be processed through the legal system. The average loan in foreclosure has now been delinquent a record 631 days.
At first glance it seems like a huge and hopeful headline: Pending home sales, based on contracts signed, rose 10.4 percent in October from September. It certainly gives the impression that buyers are hopping off the fence and into the market. Well, let's not get ahead of ourselves.
Sales of newly built homes are bouncing around a bottom, but prices are now at the lowest level of the year. The fact that October of this year saw the lowest price of the year so far is not good news going forward. What this means for the nation's big builders has the analysts split.
Sales of existing homes in October beat expectations, registering a gain of 1.4 percent from the previous month, but that number masks a market that is heavily weighted to the low end. Realtors say they expect sales to bounce around the same levels for the rest of the year, with a very slight annual gain from 2010.
Despite rising foreclosures and weak consumer confidence, the nation's home builders are seeing signs of hope in housing. Home builder confidence rose for the second straight month in November, according to the National Association of Home Builders' monthly sentiment survey, but builders warn it is still far below a positive reading.
Real estate company Coldwell Banker has released its annual list of average home listings in college football towns (FBS). The average prices are for a three-bedroom, two bathroom home. Here are some of the highlights.
The government's mortgage insurer is coming dangerously close to holding no excess cash reserves for loan losses.
CNBC's Diana Olick has the details on the Senate Banking Committee hearing on the Federal Housing Finance Agency and new information out of the FHA.
In California, a raft of foreclosures has presented an unusual housing opportunity for thousands of college students, who can rent McMansions for a song. The New York Times reports.
More U.S. homes entered the foreclosure process in October than in the previous month, with Florida, Pennsylvania and Indiana registering among the largest monthly increases, new data show.