Housing Market, Real Estate | featured news

Only 340,000 homeowners have had their mortgages permanently adjusted under the program, a small fraction of those needing assistance.

As if expecting parents didn’t have enough things to worry about, here comes another thing to fret over: their dimming prospects of buying a home for their growing families.

A New York Times article published Tuesday reported that a pregnancy has become a potential deal-breaker when it comes to securing a home mortgage, even though mortgage rates are the lowest they’ve been in 50 years and home prices are falling.

The results were driven by a more than 20 percent drop in the volatile condominium and apartment market.

Homebuilders' confidence in the housing market has sunk to the lowest level in more than a year, more evidence that the economic recovery is slowing.

The number of U.S. homes taken back by banks through foreclosure hit a record high in the second quarter, even as lenders delayed more homes from entering the process through short sales and loan modification efforts, according to data to be released Thursday.

Mortgage rates mostly fell the past week, with the average rate on 30-year fixed-rate mortgage falling slightly, extending its record low.

Home values slide again in 2010, with few exceptions.

Facing a mortgage payment she couldn’t afford, a Massachusetts woman allegedly faked the death of her son serving in the military, and eventually faked her own death, to avoid foreclosure.

Initial claims for unemployment benefits rose last week for the second time in three weeks, a sign that layoffs are rising.

A 3.8% increase in April compared with the same period last year is the third straight month of appreciation but analysts say prices are likely to drop again with the end of the tax credit. L.A., San Diego see gain of 0.7%.

Home prices in 20 major cities gained ground for the third consecutive month in April when compared with their year-earlier levels.