Real Estate | featured news

Pending homes fall in June, supply blamed

Contracts to buy previously owned U.S. homes unexpectedly fell in June as fewer properties came on the market, an industry group said on Thursday, pointing to weak home resales in July.

 

New home sales post biggest drop in over one year

New single-family home sales in June fell by the most in more than a year and prices resumed their downward trend, suggesting a setback for the budding housing market recovery.

 

How Spain's regions got into trouble

Eurozone Crisis

Spain's 17 regional governments are a big part of the country's financial problems. Like the regional savings banks, they are victims of the country's property boom and bust. During the boom years, regional government tax revenues were swelled by stamp duties on property sales, and by income taxes paid by immigrants that came to work on the country's construction sites... Then the bust came...

Senh: Europe is finally feeling the effects of the housing bubble and financial crisis of 2008 that affected the U.S.

 

U.S. Home Prices Reflect Rebound

Housing Market

U.S. home prices in the second quarter rose from the year-ago period for the first time since 2007, according to a closely watched index, the latest indication that the housing market is starting to recover.

Senh: Ooh, looks like the housing market is starting to recover.

 

US rate on 30-year mortgage: 3.53 pct., new record

Average rates on fixed mortgages fell again this week to record lows, creating more incentive for buyers to enter the recovering housing market.

 

Existing home sales fall in June, prices rise

Home resales fell in June but the median sales price was higher than a year earlier as fewer people sold their homes under distressed conditions, giving mixed signals for the country's nascent housing market recovery.

 

Housing starts a bright spot for cooling economy

Housing Market

Groundbreaking on new homes rose in June to its fastest pace in over three years, lending a helping hand to an economy that has shown worrisome signs of cooling. The Commerce Department said on Wednesday that housing starts rose 6.9 percent last month to a seasonally adjusted annual rate of 760,000 units. That was the highest rate since October 2008.

 

US homebuilder confidence vaults to 5-year high

Confidence among U.S. homebuilders is swelling to a five-year high, with many now anticipating that sales of new homes will strengthen this year even as signs point to a slowing economy.

 

A County Considers Rescue of Underwater Homes

Underwater Homes

San Bernardino County, with some of the nation’s highest foreclosure rates, may use eminent domain to buy up mortgages and cut them to the current value of the homes.

 

Wells Fargo to pay $175M in lending settlement

Wells Fargo

Wells Fargo Bank will pay at least $175 million to settle accusations that it discriminated against African-American and Hispanic borrowers in violation of fair-lending laws, the Justice Department announced Thursday.

 

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