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New-home construction plunges in February

By The Associated PressThe Associated PressRelatedWASHINGTON — Builders broke ground last month on the fewest homes in nearly two years and cut their requests for permits to start new projects to a five-decade low. The decline in construction...
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Underwater mortgages rise as home prices fall

By DEREK KRAVITZAP Real Estate WriterRelatedWASHINGTON —  The number of Americans who owe more on their mortgages than their homes are worth rose at the end of last year, preventing many people from selling their homes in an already weak housing...
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Reverse mortgages get more affordable, but be careful

By MARCIE GEFFNERBankrate.com RelatedBefore you borrowIF YOU'RE in the market for a reverse mortgage, seek independent counseling before you even talk to a lender to learn about loan alternatives or tips on negotiating with a lender. Find a government-approved...
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New-home sales in January drop 12.6 pct

By DEREK KRAVITZAP Real Estate WriterRelatedWASHINGTON —  Sales of new homes fell significantly in January, a dismal sign after the worst year for that sector in nearly a half-century. New-home sales...
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Investors snap up cheap homes, new buyers miss out

By DEREK KRAVITZAP Real Estate WriterRelatedWASHINGTON —  Home sales are starting to tick up after the worst year in more than a decade. But the momentum is coming from cash-rich investors who are scooping up foreclosed properties at bargain prices,...
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Risk of foreclosure dips, but remains elevated

By JANNA HERRONAP Real Estate WriterRelatedNEW YORK —Fewer Americans fell behind on their mortgage payments in the final three months of last year, but foreclosures are still rising. The Mortgage Bankers Association said Thursday 8.2 percent of homeowners...
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Just for Laughs

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