Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices.
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The government is looking to sell off some of its stock of homes in foreclosure. The Federal Housing Finance Agency has control over roughly 250,000 foreclosed homes owned by Fannie Mae. One percent of those homes, or 2,500, will be available for investors to buy and convert into rentals.Read More »
Construction of single-family homes cooled off slightly in January after surging in the final month last year. But a rise in permits suggests builders are growing more confident that more buyers are ready to come off the sidelines.Read More »
The housing market recovery hasn't taken off yet, but a rally in its stocks sure has. The Standard & Poor's homebuilders index is up 60 percent since October. Given that stock prices tend to anticipate business trends, does that mean a housing market rebound is imminent during the spring home-selling season?
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The mortgage settlement that government officials announced Thursday is intended to help victims of foreclosure abuses that followed the housing bust. Here's a look at what the settlement will and won't do for current and former homeowners.Read More »
New York and California have agreed to sign the proposed settlement between U.S. states and the nation's biggest mortgage lenders over foreclosure abuses, according to a source close to the negotiations. In North Carolina, Attorney General Roy Cooper has shown support for the draft agreement, according to news reports.Read More »