For sale sign

Jerry Freeman/CNN

Home prices lowest since 2002

Home prices hit new post-bubble lows in March, according to a report out Tuesday.

Average home prices were down 2.6% from 12 months earlier, according to the S&P/Case-Shiller home price index of 20 major markets. Home prices have not been this low sin...

Neighboring houses

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30-year mortgage rate hits another record low

Buying a home got even cheaper this week as interest rates on the 30-year fixed-rate mortgage set a record low for the fourth week in a row.

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More than 30% of mortgage borrowers still underwater

Despite rising home prices, more than 30% of borrowers, or close to 16 million homeowners, were underwater on their mortgage during the first quarter, according to Zillow.

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New York penthouse sells for a record $90M

An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building's developer.

Home construction

Sales of new homes inch up

Sales of new homes are showing some signs of life, growing 3.3% month over month to an annualized rate of 343,000 in April, according to a government report released Wednesday.

Sales are still slow compared with the boom years when they reached a rate...

For sale sign

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Home sales surge in April

The housing market surged in April, with home affordability at record levels.

Sales hit 4.62 million homes during the month on an annualized basis, a rise of 3.4% compared with a month earlier and up 10% from April 2011, according to the National Asso...

Foreclosure file

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Foreclosures fall to lowest level since 2007

Foreclosure filings in April fell for the third straight month to the lowest level since July 2007.

For sale sign 2

Jay Schexnyder/CNN

Home buying at most affordable level in decades

Buying a home has reached its most affordable level in more than two decades.

For sale sign 2

Jay Schexnyder/CNN

Mortgage rates hit record lows, again

Buying a home just got even cheaper as interest rates on both 30-year and 15-year-fixed-rate mortgages set record lows for the third week in a row.

House with blue sky

Steve Woods/SXC

Mortgage delinquencies drop to 4-year low

The percentage of borrowers who have dropped behind on their mortgage payments fell to a four-year low in the first three months of 2012, a bankers' group said Wednesday.

Neighbors houses 8

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Bank of America offers up to $30,000 for short sales

Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure.

George Lucas on red carpet

Jean-Paul Pelissier/Reuters

George Lucas proposes affordable housing plan

The film emperor may be striking back. For 25 years, filmmaker George Lucas tried to persuade his Marin County, Calif., neighbors to let him build a digital production studio on his ranch there, but the area's residents thwarted the plan.

Sold sign

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Park Avenue co-op sells for record $52.5 million

A recent sale in New York's famed 740 Park Avenue apartment building marked the highest price ever paid for a co-op in the city's history.

Billionaire investor Howard Marks, the co-founder of Oaktree Capital Management, and his wife Nancy purchased th...

neighborhood with houses lined up

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Consumer bureau targets predatory lending

The federal government is considering a new set of rules on mortgage origination that it says would make the process simpler and more transparent for borrowers.

Fannie Mae

Fannie Mae doesn't need new bailout funds

Mortgage backer Fannie Mae reported the best quarterly results since before the housing meltdown, saying it did not need additional billions in tax funds for the quarter and that it believes losses on past mortgages peaked at the end of last year.

The...

Homes neighborhood

10 housing markets set for double-digit price gains

Ten hard-hit housing markets will record double-digit price increases through 2013, according to a report Wednesday.

And with mortgage rates low, many house hunters have already started to pounce on bargains, said David Stiff, chief economist at Fiser...

For sale sign

Jerry Freeman/CNN

Another record low for mortgage rates

Mortgage interest rates hit new lows this week as both the 30-year and the 15-year fixed-rates fell, according to a weekly survey by Freddie Mac. It was the second consecutive week that rates broke records.

For sale sign

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For sale: $50M compound with vanishing garage

When Internet millionaire Tom Gonzales was putting together his elaborate family compound on the shores of Lake Tahoe, he had one big concern: Where to put some of the most valuable cars in his 400-car collection.

House for sale, real estate

Molly Riley/Reuters

Buying a home won't get much cheaper

Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market.

House with blue sky

Steve Woods/SXC

Dozens to share in settlement from mortgage insurer

Dozens of Pennsylvania women who were allegedly told that they had to return to work from maternity leave before MGIC would insure their mortgages could share in a $511,250 settlement fund, Justice Department lawyers announced Monday.

For sale sign 2

Jay Schexnyder/CNN

Homeownership at lowest rate in 15 years

Homeownership in the U.S. fell to its lowest rate in 15 years during the first quarter as more delinquent borrowers lost their homes to foreclosure, forcing many to rent.

Home foreclosure, sale

Mike Segar/Reuters

Flood of foreclosures to hit the housing market

The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved.

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