Latest Real Estate Market News

Real Estate News

• Home prices at lowest point in more than 10 years
  Home prices fell to their lowest point in more than a decade in January, but that helped to lift the pace of home sales, according to a report from an industry trade group.
• Multi-million dollar foreclosures
  Even these mega-mansions in some of America's wealthiest neighborhoods are not immune to the housing crisis.
• Fannie, Freddie legal fees: $110 million and counting
  A watchdog agency said Wednesday that the legal tab for former leaders of mortgage finance giants Fannie Mae and Freddie Mac is at least $110 million.
• The other foreclosure settlement
  Millions of borrowers who suffered financial losses because their mortgage lenders played fast and loose while processing their foreclosures now have two ways of getting a payback.
• Home buying: Most affordable in decades
  Buying a home is now more affordable than it has been in the last twenty years.
• New York apartment sells for a record $88 million
  The most expensive apartment ever sold in Manhattan went for a cool $88 million this week.
• Fewer homeowners missing mortgage payments
  The mortgage meltdown that began five years ago appears to be reversing course as the percentage of loans that fell into delinquency slowly returned to normal rates and fewer loans fell into foreclosure.
• New home construction starts strong in 2012
  New home construction got off to a strong start for the year, with housing starts and building permits rising in January on a monthly and annual basis -- another sign that the U.S. housing market and broader economy are headed in the right direction.
• Housing: The one bailout America could really use
  Laurie Goodman is an apolitical number cruncher who has spent most of her 28-year career out of the public view, studying the minutiae of mortgage-backed securities (MBS) for big investment banks. She's long been a star among Wall Street insiders, however. She holds the record for the most top rankings for fixed-in-come research from the trade bible Institutional Investor.
• Foreclosures climbed in January
  Foreclosures picked up in January, yet another sign that the nation's huge glut of delinquent homes may soon start making their way onto the market.