Real Estate | featured news

Existing home sales edge higher, inventory at 13-year low

U.S. home resales edged higher in January and left the supply of homes at its lowest level in 13 years, a sign that steam is gathering in the U.S. housing market.

 

US housing starts dip but remain at solid pace

U.S. homebuilders began work at a slower pace in January than in December, though activity was the third-highest since 2008. The steady pace of construction is a sign of continued strengthening in residential real estate.

 

DealBook: U.S. and States Prepare to Sue S.&P. Over Mortgage Ratings

Standard & Poor's

The Justice Department and state prosecutors plan to file civil charges against Standard & Poor’s Ratings Service, accusing the firm of fraudulently rating mortgage bonds that led to the financial crisis, people briefed on the plan said.

 

Home prices see best yearly gain since 2006

Home Prices

Home prices rose in November to rack up their best yearly gain since the housing crisis began, a further sign that the sector is on the mend.

 

US new-home sales fell in Dec., sales for year up

Sales of new U.S. homes cooled off in December compared with November, but sales for the entire year were the best since 2009.

 

HSBC to pay $249 million to end foreclosure reviews

HSBC Holdings Plc agreed to pay $249 million to end a case-by-case review of past foreclosures in the U.S., regulators announced on Friday.

 

Taxpayers will ease banks' costs in mortgage deal

Consumer advocates have complained that U.S. mortgage lenders are getting off easy in a deal to settle charges that they wrongfully foreclosed on many homeowners....

 

US home construction in 2012 highest in 4 years

U.S. builders started work on homes in December at the fastest pace since the summer of 2008 and finished 2012 as their best year for residential construction since the early stages of the housing crisis.

 

Nearly one-third of U.S. homeowners have no mortgage

Home Ownership

Those who own homes outright include retirees and a surprisingly high percentage of young adults, real estate website Zillow finds.What mortgage meltdown?

 

Lenders Said to Be Near Deal of Foreclosure Claims

A $10 billion settlement to resolve claims of foreclosure abuses by major lenders is expected to be announced on Monday, several people with knowledge of the discussions said.

 

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