Home prices are continuing their slide into the new year as January home prices fell to 2.6 percent below where they were a year ago, a decline from December, when prices were 2.1 percent below December 2010.
|
|
Featured Video
UPI.com Mortgage Manual
Buying your first house and obtaining a mortgage can be overwhelming and even confusing. Check out this video to learn the basics about a mortgage and get some tips about the process.
›› How to Protect Yourself Against Mortgage Fraud
|
Latest Real Estate News
Showing items 1 - 15 of 607
Home prices in the U.S. decreased 4.7 percent in 2011, achieving the fifth consecutive annual loss after prices fell five straight months in a row in the second half of the year.
The Federal Housing Finance Agency (FHFA) today invited investors interested in purchasing pools of Fannie Mae, Freddie Mac and FHA foreclosures in the nations hardest-hit metropolitan areas with the requirement they rent them for a period of year to pre-qualify.
Ten of the nation's local real estate markets that suffered from high foreclosure rates in recent years, eight of which are in Florida, are leading America's housing sector towards a general recovery, according to Realtor.com's Top 10 Turnaround Town Report, fourth quarter 2011.
Like everything in real estate, recovery will arrive market-by-market. Is this the year recovery will come to your market? Knowing your market's bottom could be critical; how will you recognize it?
Mortgage originations plunged 10.1 percent from November to December, continuing a decline from 2011's September peak. At the same time, loans originated over the last two years have proved to be some of the best quality originations on record.
Support for homeownership is greater in states whose median home value is higher than the national average, according to a new national survey of homeowners.
In his State of the Union speech last night, President Obama announced he will push for legislation that will significantly expand the newly revised HARP program that allows underwater homeowners who are to refinance at today's historically low rates.
Sales are typically slow in winter, but this January is proving especially sluggish for luxury homes even though sales for all existing homes have increased through the last three months of 2011.
In another sign that the buyers have having an increasingly difficult time getting mortgage financing and investors are more important to residential real estate markets than ever, nearly one out of three home sales in December went to buyers paid all cash.
British buyers who are angry at their estate agents, property lawyers or mortgage brokers now can take out their frustrations on Web site by firing them out of a giant cannon at buildings for sale, with the chance to get their mortgage or rent paid for six months.
Is an oversupply of housing units the real reason that America is suffering from low prices? Is the glut is so serious that it will plague local housing markets and depress home values for a number of years to come?
Americans in their thirties have seen their homeownership rates decline more over the past decade than either younger or older owners.
December home sales unexpectedly rose 5.7 percent over November, ending the year with the 6th consecutive month to show a year-over-year sales increase. Sales were 1.1 percent higher than a year ago, RE/MAX reported.
This year will be a tale of two cities. Local employment created by economic growth will drive housing market recoveries, and those markets that create more jobs will see property values and rents improve faster than others that don't.
Foreclosure activity and the national foreclosure rate last year both fell to their lowest annual level since 2007 and a new state law has brought foreclosure starts and sales to a virtual standstill in the state of Nevada, which has led the nation in foreclosures for the past five years.
