Home sales are rising but still well below last year. The answer is simple: Too many people can't afford to buy homes.» Read More
As millions of Americans struggle in foreclosure, big banks are going to borrowers who are not even in default and cutting their debt or easing the mortgage terms, the NY TImes reports.
CNBC's Diana Olick has the data on May pending home sales up from last year.
CNBC's Rick Santelli & Diana Olick have the data on new home sales.
Analysis of the U.S. housing market , with Susan Wachter, Wharton professor of real estate & finance, and Patrick Newport, IHS Global Insight.
Sales of existing homes fell 3.8 percent in May, not as deep a drop as some had forecast, to a seasonally adjusted annual rate of 4.81 million units.
CNBC's Diana Olick has the details on slowing investor traffic.
Many distressed homeowners have spent years wondering when they’re going to get kicked out. But the backlog of foreclosures has provided a reprieve. In New York, for example, it would take 62 years to process them all.
CNBC's Diana Olick reports signs of life in the housing market.
Every time we get the monthly foreclosure numbers from RealtyTrac, I hear someone on TV say, 'Well, the problem is really only concentrated in a handful of states." Yes, the volumes are, the problems are not.
CNBC's Diana Olick has the details on housing starts increasing unexpectedly in May.
Delays in foreclosure proceedings and a new push by big banks and servicers to find foreclosure alternatives is drawing a new, albeit still troubling picture of the nation's real estate market.
CNBC's Diana Olick breaking down the numbers from today's national association of home builders. Also, a look at real estate issues in key cities, with Jenifer McKim, Boston Globe; Toluse Olorunnipa, Miami Hearld; and Buck Wargo, Las Vegas Sun
Falling home prices may be plaguing the US economy, but they are candy to foreign investors, who already have a weak dollar on their side. Buyers from overseas spent roughly $41 billion on US residential real estate last year, a bump up from the previous year. US real estate agents report a surge this Spring especially, as foreign buyers see continued pressure on home prices and ample bargains.
A look at lessons the big bank learned from the housing crisis, with CNBC's Mary Thompson.
Navigating the foreclosure overhang, with Sanjiv Das, CitiMortgage CEO, and CNBC's Mary Thompson
As big banks and Fannie Mae and Freddie Mac push foreclosures through the pipeline, the inventory of bank-owned properties is rising. They're offering incentives for buyers, but investors are getting squeezed out of the equation.
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.