Home mortgage rates and real estate news - CNNMoney.com

Most affordable city to buy a house

Fri, 20 Nov 2009 10:47:03 EST

Here are the 5 metro areas where the average American family can afford to purchase a median-priced home -- and the 5 where they can't.

Buy the house Twilight was filmed in

Thu, 19 Nov 2009 11:38:24 EST

The greatest real estate turnaround ever

Thu, 12 Nov 2009 09:23:12 EST

Charlotte Street was an apocalyptic nightmare version of urban life.

7 tips for buying foreclosures

Thu, 19 Nov 2009 05:21:13 EST

Foreclosures are dominating the housing market. Right now, there are 1.5 million such homes for sale, and more are expected to be available soon. That provides both opportunities and pitfalls for bargain hunters.

Foreclosures: How bad is your state?

Thu, 05 Mar 2009 12:34:34 EST

You don't have to be a millionaire to buy a house

Fri, 20 Nov 2009 10:01:23 EST

The Great Recession has ravaged savings and boosted unemployment rates, forcing people become more conservative with their cash. It has also made homes a lot more affordable -- at least for those people still working.

Rebuilding from real estate rubble

Thu, 19 Nov 2009 10:47:18 EST

Semper fidelis, the U.S. Marine Corps motto, means "always faithful" in Latin. As a young grunt serving at Camp Lejeune, N.C., Duane Draughon learned to remain loyal to the mission -- "whatever the cost," he says.

Mortgage loans: Record number are late

Thu, 19 Nov 2009 12:38:59 EST

Mortgage borrowers are still falling behind on their payments in record numbers, despite the many foreclosure prevention efforts initiated by the government and non-profits.

Obama mortgage rescue: Only a few get lasting help

Thu, 19 Nov 2009 09:56:25 EST

Only a tiny percentage of troubled homeowners have received permanent modifications under President Obama's foreclosure prevention plan, raising concerns about the effectiveness of the $75 billion effort.

Home construction at lowest point in 6 months

Wed, 18 Nov 2009 16:27:43 EST

Home builders initiated construction of far fewer new homes in October than the month before, a big and unexpected drop for the struggling industry, according to a government report issued Wednesday.

Want to avoid foreclosure? Go see a counselor

Wed, 18 Nov 2009 14:48:42 EST

Housing counselors, who've received more than $400 million in federal funds to help mitigate the mortgage crisis, are helping troubled homeowners avoid foreclosure and lower their monthly payments, a study released Wednesday has found.

First-time homebuyers leading market back

Fri, 13 Nov 2009 16:28:18 EST

Propelled by the first-time homebuyers tax credit, nearly half of home sales are now being made by first-time purchasers, according to an industry report released Friday.

Nicolas Cage: Movie star, foreclosure victim

Mon, 16 Nov 2009 13:43:20 EST

Even Academy Award winners are suffering from financial woes this recession. Actor Nicolas Cage lost two homes in New Orleans worth a total of $6.8 million in a foreclosure auction Thursday.

Madoff's goodies: Going, going, gone

Thu, 12 Nov 2009 12:06:56 EST

You can't take it with you, not to prison, so the long list of material possessions amassed by Bernie Madoff during his years of ill-gotten gains will soon be sold off.

Cash cushion shrivels - U.S. housing agency

Thu, 12 Nov 2009 15:51:36 EST

The mortgage meltdown has ravaged the finances of a crucial government agency tasked with propping up the housing industry.

Foreclosures: 'Tide may be turning'

Thu, 12 Nov 2009 10:44:41 EST

Could the foreclosure plague be ending?

Obama home rescue: 650,000 get help

Tue, 10 Nov 2009 12:01:55 EST

Some 650,000 troubled borrowers have been put into trial loan modifications under the president's foreclosure rescue plan, the Treasury Department said Tuesday.

Home prices may be bottoming out

Tue, 10 Nov 2009 11:07:40 EST

The bleeding in the housing market seems to be stanched, at least temporarily, according to home price data released on Tuesday.

Make money in 2010: Your home

Sat, 14 Nov 2009 08:10:23 EST

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.