Home mortgage rates and real estate news - CNNMoney.com

The greatest real estate turnaround ever

Mon, 09 Nov 2009 10:14:08 EST

Charlotte Street was an apocalyptic nightmare version of urban life.

Make money in 2010: Your home

Mon, 09 Nov 2009 12:32:18 EST

The outlook: After three years of slumping house prices, the end of the real estate bust may finally be in sight. Home sales are rising, inventories are shrinking, and most economists believe values nationwide will hit bottom in the second half of the year -- but not before falling another 5% to 10% first.

Good news: Fewer underwater

Mon, 09 Nov 2009 10:47:40 EST

Fewer people are underwater on their mortgages -- further evidence that the real estate free-fall may be slowing.

$8,000 homebuyers tax credit extended

Mon, 09 Nov 2009 09:49:24 EST

President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday.

Foreclosures: How bad is your state?

Thu, 05 Mar 2009 12:34:34 EST

Three cheers for college football towns

Thu, 05 Nov 2009 18:31:51 EST

Many Americans love living in university towns, especially ones with big-time college football teams. One of the surprising attractions of these places is that they can be very affordable.

Avoid foreclosure: Rent your own home

Thu, 05 Nov 2009 17:59:13 EST

Giving troubled borrowers yet another way to avoid foreclosure, Fannie Mae said on Thursday it would allow eligible homeowners to rent their own homes.

3 signs of the next real estate collapse

Thu, 22 Oct 2009 10:24:06 EDT

When the FDIC closed Chicago's Corus Bank last month, it may have signaled the beginning of the next shock to the banking system: commercial real estate defaults.

Foreclosures: Worst-hit cities

Wed, 28 Oct 2009 11:14:12 EDT

While foreclosure rates are easing in some of the hardest-hit cities, the crisis is beginning to expand into new metro areas.

Act fast! Homebuyer tax credit ends soon

Mon, 31 Aug 2009 10:34:51 EDT

Use any metaphor you want: the ticking clock, sands running through the hourglass or pages falling away from the calendar. The fact is, time is running out to claim the $8,000 first-time homebuyers tax credit.

Fannie Mae posts $19 billion loss on bad loans

Thu, 05 Nov 2009 19:30:25 EST

Read full story for latest details.

What housing bust?

Mon, 09 Nov 2009 09:52:13 EST

If you're a beef-eating, beer-guzzling, pick-up driving resident of heartland America, there's a good chance you escaped the housing bust. But pesto-chomping, chardonnay-sipping, hybrid-driving city-slickers were probably out of luck.

Is it time to dump your ARM?

Thu, 22 Oct 2009 07:06:33 EDT

If you are among the 6.5 million homeowners who took out a low-rate adjustable-rate mortgage during the housing boom, you've probably spent the past couple of years waiting for your day of reckoning to come.

No decision yet on homebuyer credit

Fri, 06 Nov 2009 11:22:57 EST

While momentum is building on Capitol Hill to extend the $8,000 first-time homebuyer credit, President Obama's housing secretary said Tuesday the administration has not decided whether to support its expansion.

Home prices: About to get much cheaper

Tue, 20 Oct 2009 11:07:20 EDT

If you thought home prices were bottoming out, you may be wrong. They're expected to get a lot more affordable.

Is this a $6,900 home bargain?

Thu, 22 Oct 2009 06:31:31 EDT

For a foreclosure, the house at 15461 Kentfield St. in Detroit needed surprisingly little work. The new owner, an investor from the Chicago area named Kevin Holmes, slapped on a coat of paint, pulled up the dirty carpets, and replaced the stolen water heater. The car stashed out back, he learned soon enough, belonged to a neighbor, not a thief using the three-bedroom as a makeshift chop shop.

Long-term Obama loan modifications prove elusive

Fri, 16 Oct 2009 11:43:43 EDT

Half a million people are now in trial modifications under the Obama administration's mortgage rescue plan, but getting them permanent help is proving to be difficult.

Foreclosures: 'Worst three months of all time'

Thu, 15 Oct 2009 07:34:32 EDT

Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday.

Life after foreclosure

Fri, 28 Aug 2009 10:14:11 EDT

Rent-to-own your home: Pro and con

Thu, 04 Jun 2009 16:51:47 EDT

With buyers scarce and financing tight, some home sellers are offering rent-to-buy options to potential buyers. In fact, there's been enough of a spike in interest that ForSaleByOwner.com added it as a search option on the site, says spokesman Eric Mangan.