August 17, 2012 Refinancing is not available to everyone. But those who can refinance switch from adjustable- to fixed-rate mortgages, locking money in at rates their parents in the 1980s never dreamed of. Many shave a couple of hundred dollars off their monthly mortgage payment; some get an even bigger windfall.
July 31, 2012 Homebuilding is at its highest level in nearly four years. More homes are selling, and at higher prices. But skeptics say factors, including the struggling economy and a lurking inventory of foreclosed and delinquent homes, will push prices down further.
July 26, 2012 The temp industry has done well in the economic recovery. But while temporary work used to be considered a steppingstone to a full-time job, some experts argue that employers may be less inclined than in the past to shift away from temp staffers when the economy rebounds.
July 13, 2012 California's San Bernardino County says seizing troubled properties would allow those homeowners to refinance their loans. Critics say the plan, if implemented, will be bad for business and could dissuade banks from making future loans in the county.
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 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.