Major news outlets reported Wednesday night that two key states, California and New York, are set to sign onto a historic mortgage settlement with the country's biggest banks over foreclosure abuses.
Associated Press real estate reporter Derek Kravitz quotes Richard Green on the ability of the $25 billion settlement to help the 11 million households that are underwater. Following publication, the article was picked up by a variety of media.
The 3.7% drop in January in Southern California to $260,000 comes as cash-carrying bargain hunters buy distressed homes. Many observers expect the housing market to finally hit bottom this year.
The story by Annie Baxter explains how banks are choosing cash over mortgages
By Jacqueline Hlavenka. With the economy and consumer confidence remaining in limbo, home prices are continuing their downward spiral.
By James Surowiecki. The story of America's recovery from the recession has been one of dashed hopes...So what should we make of the current signs of rebound? There are at least a couple of reasons to think that we aren't looking at a false spring
Gary Painter is interviewed on his research findings that the number of household creation is a critical part of the economy
By BoNhia Lee. Homebuyers exceed available houses, but prices stay flat.
By Sean Belk. With signs of an improving economy beginning to take hold...real estate sectors in Long Beach are slowly on the mend, according to local economists and real estate professionals.
A closely watched index of local home prices fell in January for the fifth straight month, hitting its lowest level in 11 years, a sign that the Chicago-area residential market has yet to hit bottom.