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Latest Real Estate News

Home prices rise for 5th straight month

Home prices continued a winning streak in August, the fifth straight month of price gains, but remain lower on a year-over-year basis.

Posted on 25 October 2011 | 8:27 am

Refinancing plan won’t help housing market

It might get easier for some homeowners to refinance their mortgages, but that won’t do much to help the broader housing market.

Posted on 24 October 2011 | 5:39 pm

Troubled homeowners get a lifeline

President Obama will announce changes in the government’s Home Affordable Refinance Program (HARP) on Monday, making it easier for homeowners to capitalize on current low-interest rates by refinancing their old, high-interest mortgages.

Posted on 24 October 2011 | 4:05 pm

Six-figure salaries, but homeless

They’re pulling in fat paychecks, but now they’re also homeless.

Posted on 21 October 2011 | 5:30 pm

After Gadhafi, N.J. may be Libyans’ welcome home

When Libya first bought a 25-room, 1906 mansion in suburban New Jersey, the community was in an uproar.

Posted on 21 October 2011 | 3:07 pm

Foreign buyers scooping up U.S. homes

Hey, wealthy foreigners! Want to live in the U.S.? Buy a home here.

Posted on 21 October 2011 | 3:26 am

The 4% mortgage – good luck getting one

A 4% mortgage sounds too good to be true — and for more than 90% of borrowers, it is

Posted on 19 October 2011 | 8:10 am

Foreclosures continue to plague housing market

Foreclosures continued to plague the U.S. housing market last quarter, while a a growing backlog has caused the length of the foreclosure process to drag on and on.

Posted on 13 October 2011 | 3:46 am

Home ownership: Biggest drop since Great Depression

The percentage of Americans who owned their homes has seen its biggest decline since the Great Depression, according to the U.S. Census Bureau.

Posted on 7 October 2011 | 5:26 am

30-year mortgage rates fall below 4%

Mortgage rates have never been cheaper, with the 30-year rate falling below 4% for the first time in history.

Posted on 6 October 2011 | 10:10 am

Foreclosure backlog deepens

As the foreclosure backlog continues to build up, delinquent borrowers are spending even more time in their homes without making mortgage payments.

Posted on 5 October 2011 | 11:17 am

Fannie Mae ignored foreclosure abuses

Fannie Mae, the government-controlled mortgage giant, ignored indications that attorneys it hired to handle defaults were abusing the foreclosure process, according to a report from the inspector general for the Federal Housing Finance Agency (FHFA), the agency that oversees Fannie.

Posted on 4 October 2011 | 12:36 pm

Average Manhattan home costs $1.4 million

Taking advantage of a weak U.S. dollar and a beaten down housing market, foreign buyers helped push Manhattan home prices slightly higher in the third quarter, according to the city’s top residential real estate agents.

Posted on 4 October 2011 | 3:46 am

To fix the economy, first fix the housing market.

Is this a great country or what? At the start of last year, a friend of mine, the proprietor of a small business that has suffered badly in the recession, entered a trial mortgage-modification program. A few months later the bank told him that his application for a government-assisted refinancing rate had been turned down — his house was too far underwater. He had bought it during the boom for $220,000, putting down $30,000, and then spent another $45,000 doing it up. Now it’s worth about $100,000. Once his monthly payments were set to go back up (his mortgage rate is 6.5%), my friend stopped paying them and waited for the foreclosure and eviction notices to arrive. A year and a half later he is still inhabiting his own home and watching the mail.

Posted on 3 October 2011 | 11:28 am

Mortgage help for unemployed disappears

The federal government can’t even give money away to help the unemployed pay their mortgage.

Posted on 3 October 2011 | 3:49 am

Big mortgages: Harder to get and more expensive

Starting Oct. 1, the beleaguered housing market will confront the latest hurdle to its recovery: The size of mortgages that the federal government can back will be drastically reduced in high-priced regions.

Posted on 30 September 2011 | 5:23 am

‘I can’t flip this house’

Buy a home on the cheap and flip it for big profits? That dream is all but dead.

Posted on 29 September 2011 | 3:34 am

Home prices climb for fourth straight month

Home prices in July climbed for the fourth month in a row, but are still down from a year ago.

Posted on 27 September 2011 | 8:47 am

Affordable mansions for sale

Ever dream of having your own reception hall or a dining room that could seat 20 people? These mansions offer lots of living space for less than what it costs to buy a one-bedroom condo in New York.

Posted on 23 September 2011 | 4:26 am