Housing Market, Good News | featured news

Signed contracts for home resales rose to a nearly two-year high in January, an industry group said on Monday, further evidence of a budding recovery in the housing market.

Sales of new homes dipped in January but the final quarter of 2011 was stronger than first estimated.

U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery.

The number of Americans at risk of foreclosure is declining, as more homeowners climb out of debt and find steady work.

The U.S. government said on Thursday that the biggest U.S. banks will provide $25 billion in relief to distressed homeowners and states, as officials hold lenders responsible for taking illegal shortcuts during foreclosures and other mortgage paperwork.

California's attorney general said on Thursday her state will receive up to $18 billion in benefits under a federal-state mortgage settlement to be announced later today.

Home sales rose in December to the highest pace in nearly a year. The gain coincides with other signs that show the troubled housing market improved at the end of last year

Bank of America made $2 billion in the last three months of last year, reversing a loss from a year earlier. It offset legal expenses over mortgages and losses in its investment...

A monthly survey showed consumers’ confidence in the economy surged in December and was near a post-recession peak, although home prices fell in October in most major U.S. cities.

Stocks are surging following encouraging signs out of Europe and a jump in apartment building in the U.S. The Dow Jones industrial average jumped more than 300 points....