Finance :: Real Estate
Long seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Now federal officials are pledging regulatory attention and financial help.
One of the nation's largest servicers of home loans may have denied struggling borrowers the chance to fix loan problems and avoid foreclosures, New York's financial regulator has alleged.
Buying a home may have gotten a little easier this week. With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules.
Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding.
Even in South Florida, $139 million is a lot of money for a mansion. That is the price tag on the most expensive home currently for sale in the United States. Le Palais Royal is now under construction.
San Francisco lawmakers have tentatively approved a measure that would allow city residents to rent out their homes to travelers on sites such as Airbnb.
Average long-term U.S. mortgage rates declined slightly this week, after marking their largest one-week gain of the year the previous week.
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce. Sales of existing homes fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million.
Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions.
Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac said the nationwide average for a 30-year loan edged up to 4.12 percent from 4.10 percent last week.