In Massachusetts, July will be remembered as a down month in the housing market, as there were more than 1,400 distressed property filings, according to a new report.
The latest home prices report indicates that the housing market continues to be a buyer's market. But as housing experts recently told CBS News recently, demand continues to lag throughout the country.
In a speech in Washington, D.C. Thursday, Federal Reserve Governor Elizabeth Duke spoke favorably about a government proposal to encourage investors to purchase foreclosed homes and then re-market them as rental properties as a way to boost the real estate market.
The U.S. Department of Housing and Urban Development recently released President Barack Obama's August scorecard, which details how mortgage servicing companies participating in the Making Home Affordable Program fared last month.
Spending on construction projects fell more than 1 percent in July, the largest monthly drop since the beginning of the year, according to a new report released by the Commerce Department.
According to a recent Mortgage Monitor Report from Lender Processing Services, the loans for homes in any stage of foreclosure averaged a delinquency period of 599 days during July, which set a record.
According to a report from The Los Angeles Times, the recovery of the nation's housing market has slowed recently, as sales have struggled and more existing-homes have become available.
Though Manhattan remains the top market in terms of residents living in homes by themselves, as The Associated Press reports the number of people doing so declined in the past decade.
While mortgage rates are at historically low levels, a number of potential borrowers are having a hard time securing reasonable rates, according to Dow Jones Newswires.
While hurricane season is far from over, the recent impact of Hurricane Irene on the East Coast of the United States may further damage the housing market and reduce home loan activity in many parts of the country, MSNBC reports.
Late last month, the Federal Housing Administration released a report confirming what many real estate analysts were expecting - home prices fell in the second quarter
A recent report from the National Association of Home Builders found that 12 major metropolitan areas have shown improved figures over the past six months.
Home sales improved in the Colorado Springs area during August, according to the Pikes Peak Association of Realtors, marking the highest percentage jump in nearly one-and-a-half years.
Many people are choosing rentals over taking out a mortgage in many areas across the United States, and this practice is proving popular in the Naperville-area of Illinois, as well, according to the The Naperville Sun.
Speaking at a breakfast commemorating the approach of the 9/11 ten-year anniversary, New York City Mayor Michael Bloomberg relayed how impressed he was with the recovery of neighborhoods in Lower Manhattan.
As mortgage rates continue to show no signs of bottoming out, financial experts tell CNBC that there is a limit as to how far rates will fall, though what that is is not known.
While mortgage rates are showing no signs of increasing any time soon, the time potential homebuyers have to purchase a high-priced property with the best mortgage terms is running out.
The housing market in Las Vegas showed signs of recovery in August, as a new report from the Greater Las Vegas Association of Realtors indicates sales were swift.
According to Freddie Mac's weekly Primary Mortgage Market Survey, home loan interest rates have sunk to record lows amid market concerns and economic uncertainty.
According to the most recent Home Data Index released by Clear Capital, the nation's home prices continued to increase amid the final stretch of warm weather this summer.
When it comes to choosing between taking care of bills or saving money, an overwhelming majority of Americans say it's better to pay down debt, a new survey finds.
The number of pending home sales for single-family properties in Massachusetts rose last month for the fourth-straight period, according to a new report from the Massachusetts Association of Realtors.
According to a recent report from Fannie Mae, Americans are becoming increasingly nervous about the economy, with a majority believing it is not on the proper recovery track.
Throughout the past few years, federal government officials and professionals in the real estate and mortgage industries have worked to ensure that the housing issues of the late 2000s are not repeated.
During his speech to Congress on Thursday, September 8, President Barack Obama advocated an increase in mortgage refinancings, claiming more activity will provide the housing sector the monetary relief it needs.
With sellers dropping home prices and mortgage rates continuing to decline, real estate experts have been projecting an increase on home buying activity. While that hasn't materialized everywhere, one metropolitan region that has seen an uptick in sales volume is Baltimore.
Whether a Sylmar, California, homeowner missed a mortgage payment appears to be the issue he was recently foreclosed upon, despite being less than $40,000 away from paying off his loan, according to NBC Los Angeles.
A recent report found that the Washington, D.C. metropolitan area posted positive home sales numbers during August, when compared to typical summer trends.
Not only have consumers struggled to find mortgages that will work with their financial limits, but homesellers are becoming worried about selling to consumers without high down payments and signed contracts, according to The New York Times.
While a significant amount of consumers were thought to be able to obtain a new mortgage recently, as rates are at their lowest point in history, this does not seem to be the case, according to The Associated Press.
With President Barack Obama's announcement that the Home Affordable Refinance Program will be expanded, analysts tell Dow Jones Newswires that a considerable percentage of mortgage owners could be affected.
With interest rates for fixed-rate mortgages at historic lows, real estate news website The Street asked a lending professional why someone may be interested in choosing an ARM.
According to recent data released by the W.P. Carey School of Business at Arizona State University, the foreclosure rate in Phoenix grew during August, the first increase recorded in 2011.
According to a recent report from TD Economics, the economy will continue to grow at a meager pace and doesn't have the cushion to take any further turmoil.
According to data released by CoreLogic, a significant number of the nation's home loans remained underwater at the end of the second quarter, decreasing slightly from the previous period.
Consumers who are looking at foreclosed homes may find they can obtain very good prices, but it is important to make some preventative measures before signing the contract and taking out a mortgage, according to Calvin Johnson Home Inspection and Services.
The Milwaukee metropolitan area recently witnessed its second month in a row where sales beat out the same period last year, as August's sales increased 41 percent year-over-year, according to the Greater Milwaukee Association of Realtors.
According to recent data shared by the Lexington-Bluegrass Association of Realtors, home sales in the Central Kentucky region continued to improve, as they grew during August.
According to the recent Savings and Spending Report conducted by CouponCabin, a significant number of American adults have become less confident in their financial standing during the previous year.
Following the recent speech to Congress from President Barack Obama regarding the nation's job sector, many experts expressed concerns that he did not have a plan to boost the country's failing housing market.
With mortgage rates now at their lowest in history, borrowers who secured a mortgage when rates were above 4.5 percent may feel like they were gypped out of a great deal.
The Minnesota real estate market bucked a national trend of dour housing statistics, as home inventory levels dissipated and home purchases rose in August, according to the Minneapolis Area Association of Realtors.
According to Freddie Mac's Primary Mortgage Market Survey, interest rates for home loans continued to sink to new lows during the week ending September 15.
A group of Senators squabbled over what to do about mortgage giants Freddie Mac and Fannie Mae during a recent Senate Banking Committee panel discussion, in hopes that they can eventually be phased out, according to Reuters.
Home sales in Southern California showed signs of life last month, mainly as a result of seasonal forces, according to a new report from real estate information service DataQuick.
Next month, if Congress doesn't act, the size of mortgages backed by the government will be cut back. But housing experts told lawmakers on Wednesday that allowing that to happen would be a serious blunder, according to the Wall Street Journal.
With many real estate experts and economists predicting that home prices will fall another 5 to 10 percent before the market reaches bottom, sellers have been skeptical about putting their homes on the market.
According to RealtyTrac's U.S. Foreclosure Market Report for August, the national total of distressed properties declined for the 11th straight month on a yearly basis, despite a monthly increase.
According to a recent report from the California Association of Realtors, home sales in the state improved significantly during August, posting monthly and yearly increases.
A recent report found that homebuilder confidence in the single-family home market fell slightly in September, with it remaining stagnant for the sixth consecutive month.
A recent report from DataQuick showed the San Francisco Bay Area had an increase of home sales for the month of August, but home prices declined slightly.
According to data compiled by a mortgage website, an increased number of consumers are opting for 15-year terms on their home loan refinancings rather than traditional 30-year loans.
According to figures released by the U.S. Commerce Department, residential construction showed varied trends during August, as housing starts and completions declined, while permits rose.
According to a joint release issued by the Metropolitan Indianapolis Board of Realtors and the Indiana Association of Realtors, August home sales for the Hoosier State rose last month.
Before lenders can issue loans to consumers, they will soon need to verify prospective borrowers have the ability to pay off their mortgage, the Consumer Financial Protection Bureau announced recently.
August was marked by 5 percent fewer housing starts than the previous month, with 571,000 annualized compared to July's 601,000, according to the Commerce Department.
A recent study from Fannie Mae found the economy is at a crossroads, where it could very well tumble into another downturn, despite two years of recovery time.
A recent report from the U.S. Federal Reserve showed that American household debt declined during the second quarter and is at its lowest level in seven years.
According to a recent report from Lender Processing Services, mortgage delinquencies declined during August, while foreclosure levels remained unchanged.
According to the most recent release from the National Association of Realtors, credit issues, appraisal problems and Hurricane Irene couldn't slow existing-home sales during August.
Despite uneven home sales figures this year, a new poll reveals that homeownership continues to be something most Americans want. However, financial obstacles are getting in the way.
With foreclosures weighing down the recovery of the housing market, lawmakers are seeking the advice of real estate experts to help solve the issue. Recently, Zillow chief economist Stan Humphries offered his two cents.
According to the Mortgage Bankers Association, real estate-owned properties should be pared down through "large-scale disposition" in order to stabilize the housing market.
A recent report from S&P Indices and Experian found that consumer credit defaults are continuing a downward trend, possibly adding some optimism about an improving economy.
The National Association of Home Builders testified to Congress that the federal government needs to take balanced steps to reduce the significant amount of distressed properties it holds.
According to Freddie Mac's most recent Primary Mortgage Market Survey, consumers have been able to take advantage of the nation's low interest rates for home loans for another week.
According to a recent release from the Federal Housing Finance Agency, home prices increased between June and July, growing 0.8 percent on a seasonally adjusted basis.
According to the Labor Department, jobless claims dropped during the week ending September 17. However, fears regarding another potential recession continue to affect consumers.
The Houston Association of Realtors recently reported increased single-family home sales in August, with data indicating a substantial rise of 30 percent.
A recent survey from MacroMarkets showed that despite some specific areas of the United States witnessing a stronger housing market, the national outlook is not particularly strong, despite low mortgage interest rates.
Thanks to having a considerable amount of income and property equity, some homeowners are refinancing their mortgages on multiple occasions to take advantage of ever decreasing rates. But according to the Boston Globe, many others aren't able to refinance even once.
According to a recent release from the California Association of Realtors, the state's pending home sales posted monthly and yearly improvements during August.
While the overwhelming majority of the real estate market is struggling to stay afloat, a certain segment is performing extraordinarily well, USA Today reports.
Fannie Mae and Freddie Mac should remove loan-level price adjustment measures to stimulate housing recovery, Genworth Financial suggested to the government.
A recent decision from the Obama administration to enact Operation Twist could be helpful to the mortgage and housing market, despite the current negative sentiment coming from the Federal Reserve, according to Marketwatch.
After almost a year of investigation, state attorneys general have yet to reach a settlement with some of the nation's largest mortgage servicers over liabilities for robo-signing practices.
Real estate-owned asset management company Green River Capital, employed by Freddie Mac, is following up on government plans to convert REO properties held by Fannie Mae, Freddie Mac and the Department of Housing and Urban Development into rentals.
The Office of the Inspector General for the Federal Housing Finance Agency stated the organization failed to evaluate or alter the review process for Freddie Mac loans, despite concerns being raised repeatedly over the course of 2010.
With the current economic environment restricting and jeopardizing profitability, there is some fear that all but a few large mortgage servicing businesses will be driven out of the market, the FHFA stated.
The Federal Housing Finance Agency’s failure to question Fannie May and Freddie Mac’s loan-evaluation methodology may have cost the American people billions.
Housing starts, mortgage rates and home sales are expected to increase markedly through the end of next year, while property values are projected to remain flat and the nation's jobless rate is forecast to fall, according to Freddie Mac's Economic and Housing Outlook for September.
According to the Federal Housing Finance Agency, the average interest rate of mortgages sold to Fannie Mae and Freddie Mac has dropped for the fifth month straight.
A recent announcement by a federal regulator suggested that it may be another calendar year before distressed properties are sorted out, according to MarketWatch.
A recent study from the Woodstock Institute found that Chicago-area foreclosures are taking longer to sort out, which could mean that the foreclosure inventory is quickly growing.
According to the Office of the Comptroller of the Currency, delinquent mortgage rates are on the rise for the first time since 2009, a sign that foreclosure rates are increasing.
A homeowner aid program designed to assist unemployed homeowners avoid foreclosure will fall drastically short of its mark, a government official said Wednesday.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey, the volume of home loan submissions received during the week ending September 23 increased significantly.
A recent Bloomberg Businessweek article relayed that one of the benefits of the continued low interest rates for home loans is the protection it offers prospective property owners.
In today’s soft real estate market, the average homeowner and the rich and famous have something in common - difficulty unloading a property, according to USA Today.
The most recent obstacle in the housing market recovery is fast approaching, CNNMoney reports, when the size of federally backed mortgages will be reduced in high-priced regions.
State foreclosure mediation programs that force homeowner and lender participation have shown much greater success when compared to programs that are voluntary, the Federal Reserve Bank of Boston has found in a recent report.
Recent reports from the Miami Association of Realtors showed that the Miami-Dade and Broward counties all witnessed increases in pending home sales for the month of August when compared to the same month in 2010.
Much to the chagrin of real estate analysts and homeowners, a survey by analytics firm FICO found that nearly half of bank risk professionals polled said home prices nationwide wouldn't return to 2007 levels until 2020.
Market analytics firm DataQuick recently reported Las Vegas marked August with the highest home sales in five years, as more than 5,400 properties came off the market during the month.
According to market analytics firm DataQuick, August homes sales in the Phoenix area hit their highest level in five years, with 9,657 closings in Maricopa and Pinal counties.
Potential changes in the Federal Housing Administration's rules and policy governing loan refinancing may have a major impact on homeowners, according to housing expert Lew Sichelman.
The housing market is reaching the end of its typical buying season, and analysts predict it will face several months of an ongoing search for the bottom, HousingWire reports.
To help military members and their families better afford homes for sale and sell their old properties, the Treasury Department released a letter to mortgage servicers nationwide that clarifies how these residents can qualify for the Home Affordable Foreclosure Alternatives program.