June 27, 2012 Mortgage giants Fannie Mae and Freddie Mac have been vilified for their role in the housing collapse. Key employees have left as morale has plummeted. But the two organizations are key to the functioning of the U.S. housing market, leaving some observers concerned about the ongoing brain drain.
June 26, 2012 A growing number of those seeking help from mortgage counselors are high-income owners of million-dollar homes in wealthy communities like Laguna Beach, Calif., and Westchester County, N.Y. But large home loans can be more difficult to modify than more modest ones.
June 26, 2012 The S&P/Case-Shiller Home Price Indices showed gains in nearly all major cities during April. While prices are still down from their boom-time highs, a recovery may be building.
June 21, 2012 The inventory of homes for sale in California is low, even in areas with high foreclosure rates. That's made any available home enticing to buyers. But with so few houses for sale, bidding wars have returned. In many cases, investors are squeezing out the families trying to buy.
June 19, 2012 There was a 7.9 percent jump in the number of construction permits issued to home builders in May. And construction began on more single family homes than in April.
June 14, 2012 The housing market is finally showing signs of a comeback, according to an annual study from Harvard. Home prices have stopped falling in many areas, and buyers are growing more confident. But, though mortgage interest rates are at record lows, banks are often cautious to lend.
June 7, 2012 The economic hammer has fallen especially hard on young adults, many of whom might never be able to buy a home. In a nation where homeownership marks the American dream, a generation of renters could alter communities and redefine the idea of middle-class success.
June 7, 2012 Generation Y might not see homeownership as the same symbol of middle-class success that was so powerful for their parents and grandparents.
June 4, 2012 MPRBanks are often accused of dragging their feet when a homeowner wants to sell for less than the balance on the mortgage. New federal guidelines, though, could now push them to approve those "short sales" faster. But skeptics worry the new rules won't make a big difference.
May 29, 2012 The first quarter was another down one. But as it ended — in March — there were slight to modest gains in 12 cities.
May 2, 2012 WBEZChicago has dug in its heels on a new city ordinance that puts banks on the line for securing and maintaining vacant homes. But the federal government, on behalf of mortgage backers Fannie Mae and Freddie Mac, is fighting the law in a test case that could affect other cities, too.
May 1, 2012 Falling prices and low interest rates are making it even cheaper to buy a house these days. And rising rents in many areas make it more tempting to take the plunge. According to the Census Bureau, the national homeownership rate is at a 15-year low.
May 1, 2012 The real estate market has turned around in some parts of the U.S., but many buyers aren't seeing true bargains anymore. Investors are driving up prices, and inventory is low, especially for homes priced under $250,000. That's not great news for anyone hoping to buy an affordable house to live in.
April 26, 2012 Earlier this month, a judge approved a $25 billion settlement between five major banks and nearly all of the state attorneys general over shortcuts lenders took to push through some foreclosures. Housing counselors say the deal has yet to make an impact in communities around the country.