Home Prices, Real Estate | featured news

Phoenix is one of the many Sun Belt cities where housing markets have taken a big hit during the recent bust, with residential prices down nearly 45 percent since 2006.

Home prices are falling in most major U.S. cities, and the average prices in four of them are at their lowest point in 11 years.

With home prices down and mortgage rates near record lows, a lot of people feel that now is the perfect time to jump into the housing market.

Home prices are falling across most of America's largest cities, and average prices in eight major markets have hit their lowest point since the housing bust.

U.S. single-family home prices fell for a fourth straight month in October pressured by a supply glut, home foreclosures and high unemployment, data from a closely watched survey showed on Tuesday.

Prices in San Francisco and Los Angeles, which had been increasing, both fell in August from July. Home prices are falling faster in the nation's largest cities, and a record number of foreclosures are expected to push prices down further through next year.

Shares were down after a disappointing report on home prices. Traders also took in a mixed batch of earnings in the United States and Europe.

Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.

Consumer confidence sank in July to its lowest since February on job market worries, underscoring the slow path to economic recovery, and home prices rose in May but without signs of a sustained rebound, reports released on Tuesday showed.

As if expecting parents didn’t have enough things to worry about, here comes another thing to fret over: their dimming prospects of buying a home for their growing families.

A New York Times article published Tuesday reported that a pregnancy has become a potential deal-breaker when it comes to securing a home mortgage, even though mortgage rates are the lowest they’ve been in 50 years and home prices are falling.