Real Estate News Archives
Latest figures continue to show a badly battered housing market.
Apparently, prospective home buyers like the cheaper prices--the number of homes sold hit the highest level last month since March 2007.
If you love the way you're pampered at upscale hotels, you can make it a way of life.
McMahon's home was in foreclosure.
There are bargains to be had, but there are also plenty of pitfalls awaiting anyone brave enough to wade into real estate's maelstrom. Here's what to consider.
Former Federal Reserve chairman says housing market could stabilize next year or 'beyond' - report.
The decline in the housing market continues to deliver bad news. The number of foreclosure filings grew by 55 percent compared to July of last year.
Cases of West Nile Virus are increasing in California and health officials are blaming an unlikely culprit-- abandoned homes with swimming pools.
The housing crash is leaving many housing projects half-finished.
The Federal Reserve is reporting that more banks are tightening lending standards on home mortgages, consumer and business loans as a deepening credit crisis exerts a heavier toll on the economy.
El Paso County reported 48 percent more filings during the first half of 2008 than during the first half of last year. Pueblo filings dropped 4 percent.
Mortgage company posts $2.3 billion loss amid housing’s downturn.
Freddie Mac reports 6.52 percent is national average for second week.
The index, which was expected to fall, increased 5.3 percent.
Most of the clients had properties that have lost value.
Freddie Mac report cites falling residence values, stricter lending standards.
The mortgage meltdown highlighted flaws, but getting a mortgage is getting tough.
Video included in story
Consumer Reports study showed 71 percent who bargained got lower rates.
The rich are sharing your financial pain — and contributing to it.
Fear, anger rising as damage spreads from falling prices, credit crisis.
Many Americans are buying the historic landmarks that few wanted for free.
Skip get-rich-quick schemes, go directly to the government web site.
Many claim that they can alter terms of loans much easier than banks.
Confused? Get answers to your tough questions about housing and more.
President Bush has signed a massive housing bill intended to provide mortgage relief for 400,000 struggling homeowners and stabilize financial markets.
Those built before 1950 help keep you skinnier by encouraging walking.
A closely watched housing index shows home prices fell by the steepest rate ever in May, as the housing slump continued to deepen nationwide.
The former residents had a huge Elvis rug on their ceiling and left it hanging in the yard when they moved. The new residents didn't touch it.
Sales of St. Joseph statues have increased dramatically. In the Catholic Church, St. Joseph is the patron saint of carpentry...and realtors.
Housing prices have been high in Durango for years, but now 72 percent of its residents cannot afford to buy a home.
Nearly 740,000 homes received at least one foreclosure-related notice during the quarter. That's about one in every 171 households, and it's up 121 percent from the second quarter of 2007.
Rates are at their highest level this year; more than a point higher than earlier in 2008.
The grand jury investigation is the clearest sign yet that prosecutors are investigating whether fraud and other crimes might have contributed to the mortgage crisis that led to the demise of three California-based lenders.
Realtors group says sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades.
Sophisticated ventilation and duct-work was done, and every room had plants with elaborate lighting systems. The tip-off was $4,000 a month in stolen electricity.
Secretary says the bill will send a strong message to investors around the world and will be key to helping the nation turn the corner on the housing crisis.
Got an extra $25 billion? That's what taxpayers will have to pony-up if the government bails out Fannie Mae and Freddie Mac.
A government report says U.S. home prices fell 4.8 percent in May from the same month last year.
A Massachusetts developer who is trying to sell 14 condominiums is giving one away through a $50-per-entry contest, promoted online by a sexy spokesmodel.
Homeowners are selling their homes, and then leasing them from the new owner, often family members or investors looking for a bargain.
President Bush is offering reassuring words about the nation's financial system, describing it as "basically sound."
An assistance plan put together by the administration and the Federal Reserve over the weekend was intended to serve as a backup if needed.
The Fed is expected to approve a plan today that would crack down on dubious lending practices that have hurt many of the riskiest subprime borrowers - people with tarnished credit histories or low incomes.
Angela Bassett, Joely Fisher among those who must drop prices.
Nevada, California, Arizona, Florida and Michigan are leading the nation. In Colorado, El Paso and Pueblo counties hard-hit.
The Senate has cleared away the last major hurdle to passing a massive foreclosure rescue.
The Federal Reserve is set to issue new rules next week aimed at protecting future homebuyers from abusive lending practices.
The National Association of Realtors says pending U.S. home sales dipped in May as the housing market continues to struggle.
At a time when the housing market remains in a slump, consumer demand is growing for energy efficient homes that are kinder to the environment.
An entire block in Pueblo is getting a major face lift and the group behind the project is hoping it will inspire others to do a little work to fix up their homes. It's called the street of dreams project, but behind it is a much bigger mission.
Government’s mortgage relief effort lessens as foreclosures increase.
Some landlords are turning away rental applicants with mortgage baggage. A study last year by Colorado-based First Advantage found applicants with a foreclosure had more than four times as many lines of credit over 90 days delinquent compared to applicants without a foreclosure. They also had three times more open or closed unpaid credit lines.
Residential construction dropped 1.6 percent in May, the 25th decline out of the past 26 months.
While they're in Iraq and Afghanistan fighting for this country, the families of many service members are in this country fighting another battle -- to save their homes from foreclosure.
The suspect got power of attorney to help the widow with her affairs after her husband died in 2001. Investigators say she opened credit card accounts and refinanced the house to pay them off. Police say the expenses included trips to Costa Rica and Puerto Rico.
Sales of existing homes edged up slightly in May, although median home prices continued to fall. The National Association of Realtors reported that sales of existing single-family homes and condominiums rose by 2 percent to 4.99 million units last month.
Countrywide is accused of using misleading advertising and other unfair business practices to trick borrowers into taking on risky home loans they did not fully understand, in a lawsuit filed Wednesday by the California attorney general's office.
Roofers made an unsettling discovery when they tore into the attic of a home in Toole, Utah - a human skull, complete with some hair and skin.
In communities across the country, msnbc.com readers report that local governments are coping with shrinking tax rolls, lenders are saddled with more foreclosed homes than they can sell and empty homes in many neighborhoods are being vandalized.
The layoffs are part of a plan to cut about 10 percent of the staff of the 65,000-member investment-banking group.
A foreclosure sale has been published involving the home of former Tennessee Titan Adam "Pacman" Jones.
Melissa and Travis Simon of Waterloo, Iowa were on the verge of losing their home. Iowa's State Mediation Service persuaded their loan servicer to reduce interest rates by almost half.
The FBI says it has arrested about 300 real estate brokers since March - including dozens over the last two days - in its crackdown on incidents of mortgage fraud that have
contributed to the country's housing crisis.
A spike in interest rates to their highest level in 11 months sent mortgage applications tumbling last week.
Residents of fire-weary Colorado will pay more for your home if you've taken steps to protect it from wildfire.
One in every 483 U.S. households received a foreclosure filing in May.
Sen. Ken Salazar will hold a Foreclosure Prevention Open House on Wednesday, June 18.
There's financial help available for people in Pueblo who are on the brink of foreclosure.
While it's still a buyer's market, the competition is easing up a bit in El Paso County. The number of homes for sale has fallen by eleven percent.
Realtors from the Pikes Peak Association of Realtors say in this "soft" market, it's extremely important for sellers to make sure their house is ready to sell and priced correctly.
Bank of America is purchasing Countrywide, the nation's largest holder of home mortgages.
In Miami, potential buyers go by the busloads to tour homes on the foreclosure list. One homeowner bought her condo at nearly half the price the previous owner had paid.
Apparently even the rich and famous are struggling with the current real estate market. Ed McMahon is reportedly fighting foreclosure on his Beverly Hills mansion.
Consumer bankruptcy lawyer Ellen Welner estimates that home owners and real estate investors who can't afford their mortgages are behind more than 60 percent of the filings she's seeing.
Home construction spending has not increased in more than two years as the building industry continues to be battered by the worst housing slump in decades.
Rates on 30 year, fixed rate mortgages hit their highest level in almost three months.
The nation's governors are calling on Washington, and private industry, to help homeowners facing trouble.
In the court settlement, government attorneys say the National Association of Realtors may no longer discriminate against Internet-based agents by blocking them from the group's multiple listing service, the database of properties for sale.
Half price homes. Sound incredible? By cashing in on foreclosures you can find some amazing bargains.
For the second time in a week, there's good news to report from the housing industry. Sales of new homes rose in April for the first time in six months.
U.S. home prices have posted their sharpest first-quarter decline since the government began keeping track 17 years ago. Colorado, however, bucked the trend by posting a 2.29 percent increase over the same period. In addition, the Grand Junction housing market saw the second-highest jump in the nation at 9.1 percent.
The National Association of Realtors reports existing home sales fell 1 percent in April,matching the all-time low seen in January. The records go back to 1999.
Quite a few homes in the Angus Valley subdivision in Northwest Austin, Texas are sporting a new type of protest yard art. You could call it Pottygate.
The bill would let the Federal Housing Administration back up to $300 billion in new loans for struggling homeowners who would otherwise be considered too financially risky to access a fixed-rate, government-insured mortgage.
Pres. Bush says he remains opposed to any homeowner rescue package that would "bail out lenders."
The grass is more than a foot tall in front of some foreclosed homes, and it's costing a lot of money to take care of the overgrown lawns.
Federal Reserve Chairman Ben Bernanke says commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles.
Figures from RealtyTrac show that more than 243,000 homes received at least one foreclosure-related filing in April.
Mortgage finance giant Freddie Mac says its first quarter loss widened to $151 million as the U.S. housing market worsened.
Median home prices fell in two-thirds of the cities surveyed during the first three months of this year.
Deed forgery is on the rise, and it may cost a Brooklyn church the property it's built upon.
While US soldiers fight overseas, military and financial aid groups say more of them are falling behind on their mortgage payments and struggling to keep their homes.
Foreclosure: Gated golf community, six bedrooms, six bathrooms. It's not just the middle class that's hurting.
A Senate Subcommittee is examining whether the housing crisis is being made worse by some mortgage lenders. Critics say they're preying on families who are already down and out.
An industry group says pending U.S. home sales fell to a new low in March. It is a sign that the housing market has continued to struggle as the spring selling season gets under way.
Can't sell your home? Fed up with the slow housing market? Thousands are turning to home swaps.
His business card says he is a foreclosure specialist. On Monday, he was evicted from his multi-million dollar Washington, D.C. Federal marshals looked on as two Rolls Royces were towed from the driveway.
A man in Florida is trying to start a class-action lawsuit over the loss of home equity.
Police say 49-year-old Sandra Haddad convinced four 14 year-olds to vandalize a former clients house last month. They did about $20,000 in damage. Haddad has turned herself in to police.
A Colorado Springs Re/Max All Stars real estate agent turned herself in to authorities in connection to vandalism in a Pine Creek subdivision.
