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Obama Heads to Nevada to Claim Progress on Housing

Obama Heads to Nevada to Claim Progress on Housing

Creatas/Thinkstock(LOS ANGELES) – President Obama on Friday will visit a Reno, Nev., neighborhood hit hard by the housing crisis to hail a success story in his efforts to turn things around. Six months ago, from the porch of a Las Vegas home 400 …

Mortgage Rates Fall to Another Record Low

Mortgage Rates Fall to Another Record Low

Digital Vision/Thinkstock(WASHINGTON) — Another week and another record low for mortgage rates. The average rate for a 30-year fixed loan fell to 3.83 percent in the week ended Thursday, Freddie Mac said in a statement.The average 15-year rate fell to…

Builders Take Up US-Made Homes Pledge

Builders Take Up US-Made Homes Pledge

iStockphoto/Thinkstock(NEW YORK) — The American-made home that Anders Lewendal set out to construct in October 2011 is complete — and has started quite a movement across the U.S.”We’re amazed.  We’ve had calls and emails and hundreds and hundred…

US Will Unload More AIG Shares

US Will Unload More AIG Shares

STAN HONDA/AFP/Getty Images(WASHINGTON) — The U.S. government said Monday that it will sell $5 billion in AIG shares, one of a series of offerings since the insurance giant received the biggest bailout in history.The Government Accounting Office said …

From Georgia to Nevada, 12 Towns for Sale

From Georgia to Nevada, 12 Towns for Sale

iStockphoto/Thinkstock(NEW YORK) — American homeownership levels are at a 15-year low as many people are renting instead of buying. But perhaps the opportunity to own your town could stir some potential homeowners out of their caves. On sale for $2.5 …

US Home Ownership Falls to 15-Year Low

US Home Ownership Falls to 15-Year Low

Hemera Technologies/Thinkstock(WASHINGTON) — The number of American households that own their home is down to a level last seen in early 1997. The Census Bureau said Monday that the homeownership rate fell to 65.4 percent at the end of March, down fro…

Increased Bidding Wars a Sign of Growing Demand for Housing

Increased Bidding Wars a Sign of Growing Demand for Housing

Stockbyte/Thinkstock(NEW YORK) — The worst may well be over for the housing market, especially in much of the country where foreclosures have not been as widespread. Even bidding wars are back in some areas, according to The Wall Street Journal.The ne…

Foreclosure Activity Rose in Major US Cities During First Quarter

Foreclosure Activity Rose in Major US Cities During First Quarter

iStockPhoto/Thinkstock(IRVINE, Calif.) — Foreclosure activity rose during the first quarter of this year in more than half of the nation’s largest metropolitan areas, RealtyTrac reported on Thursday.”Some of those included Pittsburgh, which was up 49 …

Housing Market to Hit Bottom by Late 2012, Report Suggests

Housing Market to Hit Bottom by Late 2012, Report Suggests

Phillip Spears/Digital Vision(SEATTLE) — Online real estate marketplace Zillow said home values rose 0.5 percent in March from February, the largest monthly increase since May 2006 when the housing recession began.Zillow’s report describing the …

No End in Sight for US Housing Slump

No End in Sight for US Housing Slump

Stockbyte/Thinkstock(NEW YORK) — The housing slump is far from over. Average home prices have tumbled to their lowest level in nearly a decade, according to the closely watched Standard & Poor’s/Case-Shiller home-price index.A separate report from…

Foreclosure Filings Hit Five-Year Low

Foreclosure Filings Hit Five-Year Low

iStockPhoto/Thinkstock(IRVINE, Calif.) — Foreclosure filings have dropped to their lowest level in nearly five years, according to the latest report from RealtyTrac.The foreclosure tracking firm says for the first quarter of 2012, the number of U.S. h…

Mortgage Rates Hit New Record Lows

Mortgage Rates Hit New Record Lows

Zoonar/Thinkstock(WASHINGTON) — The average rate for a 15-year fixed-rate mortgage hit a record low of 3.88 percent for the week ending April 12, according to Freddie Mac.The rate fell .10 percent from the previous week and is .01 percent below the pr…

Fantasia Puts North Carolina Home on the Market

Fantasia Puts North Carolina Home on the Market

RCA(LOS ANGELES) — Fantasia is selling her North Carolina mansion.  It’s the same giant house that the American Idol winner nearly lost to foreclosure in 2009, according to TMZ.The five-bedroom, 38,768-square-foot mansion in Charlotte is on the m…

NC Town Setting of ‘The Hunger Games’ for Sale

NC Town Setting of ‘The Hunger Games’ for Sale

Kevin Winter/Getty Images(HENRY RIVER MILL VILLAGE, N.C.) — Still hungry for The Hunger Games? If owning a “Katniss” Barbie doll isn’t enough to satisfy your love of the young adult book series and film, for $1.4 million you can own a town that served…

NY Foreclosure Firm Agrees to $4M Settlement

NY Foreclosure Firm Agrees to $4M Settlement

iStockPhoto/Thinkstock(NEW YORK) — A New York law firm at the center of a foreclosure controversy has agreed to a settlement with state prosecutors.Steven J. Baum PC drew widespread criticism after the New York Times published photos of a firm Hallowe…

Divorcing Wife Sues Billionaire Over $88M NY Penthouse

Divorcing Wife Sues Billionaire Over $88M NY Penthouse

Hemera/Thinkstock(NEW YORK) — Dmitry Rybolovlev, the billionaire who purchased the most expensive property in New York City, is facing a lawsuit from his wife Elena Rybolovleva.  She claims he purchased the $88 million penthouse to hide his asse…

Texas Squatter With $16 McMansion Kicked Out After 8 Months

Texas Squatter With $16 McMansion Kicked Out After 8 Months

Kenneth Robinson lived in a “McMansion” in Texas for several months through a legal loophole, paying only $16. (ABC News)(FLOWER MOUND, Texas) — Kenneth Robinson has finally been kicked out of the $340,000 home that he had lived in since June for $16….

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