Housing Market | featured news

Florida has set up foreclosures-only courts to reduce the state’s huge backlog of cases, but borrowers’ lawyers are critical of the process.

Michael Feder, chief executive officer of Radar Logic Inc., talks about US home prices and the outlook for the housing market. US home prices fell 1.6 percent in the second ...

Foreclosures could head higher in coming months, as the percentage of borrowers at least one payment behind resumed its rise, new data suggest.

Buying activity in the residential real estate market slowed dramatically in July, according to a report released Tuesday by the National Association of Realtors. The dramatic plunge is yet another sign the U.S. economy may be heading toward a slowdown or double-dip recession.

The tone for Wall Street’s retreat was set before the opening bell with markets in Asia and Europe also falling.

President Obama says it will take time for the housing market to recover and that it's a "big drag" on the economy. Obama met with Ohio families to discuss the economy.

The U.S. government's role in housing finance should undergo "fundamental change," but it should still provide some guarantees in the mortgage market, Treasury Secretary Timothy Geithner said on Tuesday.

Consumers looking for home loans backed by the Federal Housing Administration will face tougher hurdles and higher costs under new legislation and new rules that could take effect as soon as this month.

The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets.

The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some of those states have already designed such programs.

A cash-strapped family facing foreclosure stumbled upon what is considered to be the Holy Grail of comic books – a fortuitous find that could fetch upwards of a quarter million dollars at auction.