Real Estate News

Foreclosures fall in most U.S. cities
Posted: Thu, 28 Jul 2011 05:07:46 EDT
Foreclosures declined in more than 84% of U.S. metro areas during the first half of the year, according to the latest report from RealtyTrac, an online marketer of foreclosed properties. But that doesn't mean these markets are staging a turnaround.


Home prices dip 4.5%
Posted: Tue, 26 Jul 2011 11:39:41 EDT
May home prices in 20 major cities dipped 4.5% from one year ago, marking a continued decline in the already battered housing market.


New home sales slip again in June
Posted: Tue, 26 Jul 2011 11:23:43 EDT
Sales of new single-family homes slipped for a second month in a row in June, falling short of estimates.

Countrywide borrowers to get $108 million in refunds
Posted: Wed, 20 Jul 2011 14:28:08 EDT
The FTC said nearly half a million consumers who were overcharged for services and fees by the mortgage lender will receive refund checks.


America's ugliest homes
Posted: Tue, 19 Jul 2011 17:03:26 EDT
HomeVestors, the company that buys beat-up homes, fixes them up and resells them, is looking for the nation's ugliest home. Here are six candidates.


Zillow shares pop in IPO
Posted: Wed, 20 Jul 2011 16:28:32 EDT
Shares of real estate site Zillow shot up 120% early in its public debut Wednesday, though they cooled a bit as the day continued.


Existing home sales dip in June
Posted: Wed, 20 Jul 2011 11:20:38 EDT
Sales of existing homes dipped in June as buyers unexpectedly backed out of contracts, according to the Realtors group.


Short sale fraud plagues housing market
Posted: Thu, 14 Jul 2011 16:36:02 EDT
Scammers are ripping off mortgage lenders by tens of thousands of dollars -- sometimes in a matter of hours.


Formula 1 heiress buys Spelling mansion for $85 million
Posted: Fri, 15 Jul 2011 17:43:57 EDT
One of the most expensive homes of all time, the 56,500-square foot Spelling Manor, sold for a very steep discount Thursday -- $85 million -- or 43% off the original asking price.


False hopes for the housing market
Posted: Thu, 14 Jul 2011 10:26:10 EDT
RealtyTrac's latest data shows a 29% drop in foreclosure filings, but the housing market is far from staging a recovery.


10 best cities to buy a rental property
Posted: Sat, 16 Jul 2011 08:20:10 EDT
Low home prices and relatively strong rents are expected to make real estate investors in these cities some healthy profits over the next few years.


Seinfeld asks $18 million for Colorado mansion
Posted: Thu, 14 Jul 2011 05:28:19 EDT
The comedian put his 14,200-square foot Telluride, Colo. vacation home on the market.


Obama's housing scorecard
Posted: Fri, 08 Jul 2011 10:58:02 EDT
The Obama administration has announced yet another initiative to help struggling homeowners avoid foreclosure.


Getting a mortgage with so-so credit
Posted: Tue, 05 Jul 2011 14:55:21 EDT
Getting a mortgage can be tough these days -- even people with near-perfect credit have been rejected for loans. But for some lucky borrowers, things aren't as bad as the doom-and-gloom crowd says.

 

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