Housing Market | featured news

A dubious distinction was reached during the first three months of 2010: More than 10% of all borrowers are now behind on their mortgage payments.

In an unstable market, appraising properties becomes especially tricky.

Home prices rose in nearly 60 percent of U.S. cities in the first quarter of this year, as the housing market started to stabilize thanks to billions of dollars in federal spending.

Foreclosure activity fell in 14 of the top 20 U.S. metropolitan areas in the first quarter compared with a year earlier, even though total U.S. foreclosures rose, RealtyTrac said on Thursday.

Goldman Sachs CEO Lloyd Blankfein, in written testimony prepared for a Senate hearing on Tuesday, said his firm "certainly did not bet against our clients."

Prospective home buyers tend to focus on a single number: the listed sale price. It's why they're often blindsided by the array of costs that come with buying a home.

Recently released emails show how Goldman Sachs built its mortgage business by closely working with lenders such as Washington Mutual and Long Beach, two firms that a Senate review said "polluted the financial system" with souring loans.

A Senate investigation into the financial crisis has found that Goldman Sachs, the storied Wall Street investment bank, sought to profit from the historic decline in housing prices by betting against the US mortgage market.

Better weather and government incentives help March sales rebound from record low.

The transfer, a record sum, was the result of the central bank’s actions to support the fragile housing market.