Real Estate
Tax credit for home buyers comes with caveats
Washington policy makers and housing industry insiders hope a new tax credit for first-time home buyers will get the moribund housing market moving again. Read more…
Banks miss an easy housing fix
Banks say they want to help troubled homeowners, but they are delaying deals that could save everyone - including the lenders themselves - a lot of time and money. Read more…
Housing inventory rises again in April
The number of homes for sale was on the rise again in April, according to figures from Zip Realty, a California-based real estate broker. Read more…
Housing: Best time to buy in four years
It may be the best time to buy a house in more than four years. According to a new report, home prices have dropped so quickly and so far that valuations - the difference between what a home should cost and its actual price - are the lowest they've been since 2004. Read more…
Foreclosure bill faces Senate test
Foreclosure gets Congress' attention Tuesday when the Senate decides whether to end debate on a bill aimed at helping homeowners avoid losing their homes. Read more…
Subprime loans defaulting even before resets
For months, we've fretted about the Armageddon that will hit when subprime adjustable rate mortgages start resetting to much higher interest rates. Read more…
Stimulus plan also sparks housing market
The economic stimulus plan announced Thursday by Congress and the Bush administration includes provisions that specifically address the mortgage crisis. It aims to make getting a mortgage easier and cheaper in high-cost markets, to facilitate refinancing and to prevent foreclosures. Read more…
November foreclosures take a dip
A new read on foreclosure filings showed a double-digit drop for November, but don't expect the slowdown to last. Read more…
Subprime creep: From city to burbs
Cleveland's foreclosure crisis is no longer a problem that's just for the poor. Read more…
Clinton calls for subprime rate freeze
Senator Hillary Clinton spelled out the details of her subprime bailout plan Wednesday, calling for a 90-day moratorium on foreclosures and a five-year freeze on the interest rates of adjustable rate mortgages (ARMs). Read more…