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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.

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.

Everyone keeps saying now is the time to buy. Here's why you shouldn't.

Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.

How to tell if you should prepay your mortgage. Recently, I have had two people ask me if they should repay their mortgage early. While there are psychological benefits to wiping away what is often a person’s largest debt, there are several things you should consider before taking steps to pay off your mortgage ahead of schedule.

Consumer confidence sank in July to its lowest since February on job market worries, underscoring the slow path to economic recovery, and home prices rose in May but without signs of a sustained rebound, reports released on Tuesday showed.

For those seeking hope in the better-than-expected 23.6 percent jump in new home sales in June: it's only one month's data.

As housing market is once-again deteriorating, some are pondering a return to homeownership.