Real Estate News Archives
Almost 15 percent of American homeowners with a mortgage were spending half of their income or more on housing in 2007.
Higher interest rates and falling home prices are hurting the building industry. Lennar Corp., one of the nation’s largest homebuilders, said Tuesday its third-quarter loss narrowed as it cut costs, but revenue fell by more than half amid a prolonged housing slump.
Fannie Mae and Freddie Mac will step up their purchases of mortgage-backed securities to help provide support to the crippled housing market.
Housing Secretary Steven Preston urged private lenders to cut some slack to financially strapped homeowners in areas ravaged by Ike along the Texas coast.
Home prices peaked in July 2007 at $500,000. By Aug. 2008, they were down to $330,000.
Government data show construction of new homes and apartments fell by a larger-than-expected amount in August, pushing activity to the lowest level in 17 years.
Brokers see fresh wave of interest as 30-year rate falls below 6 percent.
J.D. Power and Associates has named Classic Homes the top quality builder in the Colorado Springs/Denver area for the second year in a row.
The Parade of Homes is going on in Pueblo this weekend and next.
A plane slammed into Joe Woodard's home last year, killing his wife and son. He's trying to rebuild his home and his life, but the homeowners association is threatening to sue him because of the color of his roof shingles and the size of his home. "Life is testing my faith. Everything I go through day to day is testing my faith."
Housing experts in Pueblo are offering free help to families who are concerned they may lose their home to foreclosure.
Mismanagement at Fannie Mae and Freddie Mac is being blamed for staggering losses that prompted a bailout by taxpayers. Now the ousted CEOs are getting staggering bonuses.
The National Association of Realtors reports that pending U.S. home sales fell more than expected in July as the housing market's struggles continued.
The White House says that the giant federal takeover of troubled mortgage giants Fannie Mae and Freddie Mac could have been prevented if Congress had acted on its recommendations.
The temporary federal takeover of Freddie Mac and Fannie Mae could cost taxpayers tens of billions of dollars.
America sets a record and it's not good.
An industry group says a record 9.2 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June.
It wouldn't take long to clean this baby. The cottage is a scant 20 feet in diameter.
GMAC Financial Services will close 200 retail offices, laying off 60 percent of its mortgage-related employees.
Federal authorities have accused two former Wall Street brokers of defrauding customers by making more than $1 billion in unauthorized purchases of securities tied to subprime mortgages.
As gas prices soar, home shoppers are opting for tours on two wheels.
The credit crunch that has upended millions of homeowners’ finances is now taking a bigger bite out of the nation’s banking system.
Ron is asking $279,000 for the house, and hopes the free Porsche will help seal the deal.
Slowdown in price decline seen as possible silver lining.
Gain came as buyers snapped up deeply discounted U.S. properties.
Mortgage applications fell last week to the lowest level in nearly eight years.
Some analysts say market conditions are worse than what the data show.
Latest figures continue to show a badly battered housing market.
Apparently, prospective home buyers like the cheaper prices--the number of homes sold hit the highest level last month since March 2007.
If you love the way you're pampered at upscale hotels, you can make it a way of life.
McMahon's home was in foreclosure.
There are bargains to be had, but there are also plenty of pitfalls awaiting anyone brave enough to wade into real estate's maelstrom. Here's what to consider.
Former Federal Reserve chairman says housing market could stabilize next year or 'beyond' - report.
The decline in the housing market continues to deliver bad news. The number of foreclosure filings grew by 55 percent compared to July of last year.
Cases of West Nile Virus are increasing in California and health officials are blaming an unlikely culprit-- abandoned homes with swimming pools.
The housing crash is leaving many housing projects half-finished.
The Federal Reserve is reporting that more banks are tightening lending standards on home mortgages, consumer and business loans as a deepening credit crisis exerts a heavier toll on the economy.
El Paso County reported 48 percent more filings during the first half of 2008 than during the first half of last year. Pueblo filings dropped 4 percent.
Mortgage company posts $2.3 billion loss amid housing’s downturn.
Freddie Mac reports 6.52 percent is national average for second week.
The index, which was expected to fall, increased 5.3 percent.
Most of the clients had properties that have lost value.
Freddie Mac report cites falling residence values, stricter lending standards.
The mortgage meltdown highlighted flaws, but getting a mortgage is getting tough.
Video included in story
Consumer Reports study showed 71 percent who bargained got lower rates.
The rich are sharing your financial pain — and contributing to it.
Fear, anger rising as damage spreads from falling prices, credit crisis.
Many Americans are buying the historic landmarks that few wanted for free.
Skip get-rich-quick schemes, go directly to the government web site.
Many claim that they can alter terms of loans much easier than banks.
Confused? Get answers to your tough questions about housing and more.
President Bush has signed a massive housing bill intended to provide mortgage relief for 400,000 struggling homeowners and stabilize financial markets.
Those built before 1950 help keep you skinnier by encouraging walking.
A closely watched housing index shows home prices fell by the steepest rate ever in May, as the housing slump continued to deepen nationwide.
The former residents had a huge Elvis rug on their ceiling and left it hanging in the yard when they moved. The new residents didn't touch it.
Sales of St. Joseph statues have increased dramatically. In the Catholic Church, St. Joseph is the patron saint of carpentry...and realtors.
Housing prices have been high in Durango for years, but now 72 percent of its residents cannot afford to buy a home.
Nearly 740,000 homes received at least one foreclosure-related notice during the quarter. That's about one in every 171 households, and it's up 121 percent from the second quarter of 2007.
Rates are at their highest level this year; more than a point higher than earlier in 2008.
The grand jury investigation is the clearest sign yet that prosecutors are investigating whether fraud and other crimes might have contributed to the mortgage crisis that led to the demise of three California-based lenders.
Realtors group says sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades.
Sophisticated ventilation and duct-work was done, and every room had plants with elaborate lighting systems. The tip-off was $4,000 a month in stolen electricity.
Secretary says the bill will send a strong message to investors around the world and will be key to helping the nation turn the corner on the housing crisis.
Got an extra $25 billion? That's what taxpayers will have to pony-up if the government bails out Fannie Mae and Freddie Mac.
A government report says U.S. home prices fell 4.8 percent in May from the same month last year.
A Massachusetts developer who is trying to sell 14 condominiums is giving one away through a $50-per-entry contest, promoted online by a sexy spokesmodel.
Homeowners are selling their homes, and then leasing them from the new owner, often family members or investors looking for a bargain.
President Bush is offering reassuring words about the nation's financial system, describing it as "basically sound."
An assistance plan put together by the administration and the Federal Reserve over the weekend was intended to serve as a backup if needed.
The Fed is expected to approve a plan today that would crack down on dubious lending practices that have hurt many of the riskiest subprime borrowers - people with tarnished credit histories or low incomes.
Angela Bassett, Joely Fisher among those who must drop prices.
Nevada, California, Arizona, Florida and Michigan are leading the nation. In Colorado, El Paso and Pueblo counties hard-hit.
The Senate has cleared away the last major hurdle to passing a massive foreclosure rescue.
The Federal Reserve is set to issue new rules next week aimed at protecting future homebuyers from abusive lending practices.
The National Association of Realtors says pending U.S. home sales dipped in May as the housing market continues to struggle.
At a time when the housing market remains in a slump, consumer demand is growing for energy efficient homes that are kinder to the environment.
An entire block in Pueblo is getting a major face lift and the group behind the project is hoping it will inspire others to do a little work to fix up their homes. It's called the street of dreams project, but behind it is a much bigger mission.
Government’s mortgage relief effort lessens as foreclosures increase.
Some landlords are turning away rental applicants with mortgage baggage. A study last year by Colorado-based First Advantage found applicants with a foreclosure had more than four times as many lines of credit over 90 days delinquent compared to applicants without a foreclosure. They also had three times more open or closed unpaid credit lines.
Residential construction dropped 1.6 percent in May, the 25th decline out of the past 26 months.
While they're in Iraq and Afghanistan fighting for this country, the families of many service members are in this country fighting another battle -- to save their homes from foreclosure.
The suspect got power of attorney to help the widow with her affairs after her husband died in 2001. Investigators say she opened credit card accounts and refinanced the house to pay them off. Police say the expenses included trips to Costa Rica and Puerto Rico.
Sales of existing homes edged up slightly in May, although median home prices continued to fall. The National Association of Realtors reported that sales of existing single-family homes and condominiums rose by 2 percent to 4.99 million units last month.
Countrywide is accused of using misleading advertising and other unfair business practices to trick borrowers into taking on risky home loans they did not fully understand, in a lawsuit filed Wednesday by the California attorney general's office.
Roofers made an unsettling discovery when they tore into the attic of a home in Toole, Utah - a human skull, complete with some hair and skin.
In communities across the country, msnbc.com readers report that local governments are coping with shrinking tax rolls, lenders are saddled with more foreclosed homes than they can sell and empty homes in many neighborhoods are being vandalized.
The layoffs are part of a plan to cut about 10 percent of the staff of the 65,000-member investment-banking group.
A foreclosure sale has been published involving the home of former Tennessee Titan Adam "Pacman" Jones.
Melissa and Travis Simon of Waterloo, Iowa were on the verge of losing their home. Iowa's State Mediation Service persuaded their loan servicer to reduce interest rates by almost half.
The FBI says it has arrested about 300 real estate brokers since March - including dozens over the last two days - in its crackdown on incidents of mortgage fraud that have
contributed to the country's housing crisis.
A spike in interest rates to their highest level in 11 months sent mortgage applications tumbling last week.
Residents of fire-weary Colorado will pay more for your home if you've taken steps to protect it from wildfire.
One in every 483 U.S. households received a foreclosure filing in May.
Sen. Ken Salazar will hold a Foreclosure Prevention Open House on Wednesday, June 18.
There's financial help available for people in Pueblo who are on the brink of foreclosure.
While it's still a buyer's market, the competition is easing up a bit in El Paso County. The number of homes for sale has fallen by eleven percent.
Realtors from the Pikes Peak Association of Realtors say in this "soft" market, it's extremely important for sellers to make sure their house is ready to sell and priced correctly.
Bank of America is purchasing Countrywide, the nation's largest holder of home mortgages.
In Miami, potential buyers go by the busloads to tour homes on the foreclosure list. One homeowner bought her condo at nearly half the price the previous owner had paid.
Apparently even the rich and famous are struggling with the current real estate market. Ed McMahon is reportedly fighting foreclosure on his Beverly Hills mansion.
