Foreclosure, Housing Recovery | featured news

(Image from article: "White House rejects foreclosure moratorium")

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Rising rents may signal a housing market recovery

Renters are paying more because the foreclosure crisis is adding to their ranks, which increases demand for apartments.

Investors fueled rise in home sales, paying cash for cheap homes; 1st-time buyers stayed away

Investors drove up U.S. home sales last month, plunking down cash to grab cheap homes at risk of foreclosure. But first-time homebuyers, who are crucial to a housing recovery, stayed away.

White House rejects foreclosure moratorium

The White House Tuesday rejected calls for a broad moratorium on home foreclosures, saying it feared such a step could harm the U.S. housing market and hinder a housing recovery.

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