Housing Market | featured news

Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, sinking more dramatically than expected after lawmakers gave buyers additional time to use a tax credit.

After more than a year of keeping rates low, the government is winding down federal supports, whether the housing market is ready or not.

Bank of America Corp. says it lost $5.2 billion during the final three months of 2009 as consumers struggled to make their mortgage and credit card payments.

Construction of new homes dipped unexpectedly last month in the U.S. as bad weather hit much of the country.

Many critics of the Obama administration's mortgage loan-modification program say it won't work because it doesn't do enough to address "negative equity," the plight of people who owe more on their home loans than the current value of those properties. Without equity in their homes, these critics say, borrowers have little incentive to keep paying and are apt to walk away as soon as things get tough, if not before.

Apartment vacancies hit a 30-year high of 8% last year, and landlords cut rents 3% to attract tenants.

The 16 percent decline in November was far larger than the 2 percent expected by economists.

Borrowing on the home for quick cash is a lot harder than it used to be in the United States, and it's causing headaches for homeowners, banks and the economy.

The average fixed-rate for a 30-year mortgage climbed above 5% for the first time in two months, leading to a decline in mortgage ...

Sales of new homes plunged unexpectedly last month to the lowest level since April, a sign the housing market recovery will be rocky.