Real Estate | featured news

A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners whose homes are worth less than their mortgage.

Homes were built in September at the fastest pace in 17 months, a hopeful sign for the struggling housing market.

Actor Val Kilmer has sold the bulk of his 5,300-acre ranch in northwest New Mexico to a Texas oil and gas executive and his wife for $18.5 million.

Matthew Perry's mid-century modern mansion in Malibu hit the market on Wednesday at $13.5 million, and 'Friends' fans everywhere got a sneak peak into the actor's bent toward minimalism, clean lines, and oceanfront views.Perry bought the home in 2005 for $6.5 million, according to AOL Real Estate, and nearby neighbors used to include Mel Gibson until he put his farm estate on the market last year.

The average rate on the 30-year fixed mortgage this week fell below 4 percent for the first time ever, to 3.94 percent....

JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors seeking to recover losses on $4.5 billion of soured mortgage debt, expanding the litigation targeting the two largest U.S. banks.

Federal Reserve Chairman Ben Bernanke said Wednesday that long-term unemployment is a “national crisis” and suggested that Congress should take further action to combat it. He also said lawmakers should provide more help to the battered housing industry.

New single-family home sales in the United States fell in August to a 6-month low but the supply of homes available on the market dropped to a record low.

Drink for free at the local watering hole and make it home in seconds. That’s what one Glenview homeowner is offering as a way to set apart her 3-bedroom townhouse in a down real estate market.

A two-year-old program fell short of expectations, and now the Obama administration is seeking to broaden access to it.