China's property market rebounded in June, with housing prices rising in many of the country's major cities for the first time in a year following government moves to stimulate the economy.
Foreclosures showed few signs of slowing during the first half of the year, with a sharp increase in new filings occurring during the second quarter.
updated: Fri Jun 15 2012 08:40:00
Marketplace Europe looks at Spain's housing market and the pressure of foreclosures are placing on the economy.
Flogging property in an economic downturn is no easy task. But while property prices in Spain have plummeted over the last decade, it seems buyers still need a little more encouragement.
Foreclosure filings in April fell for the third straight month to the lowest level since July 2007.
The golden age for foreclosure squatters may soon be coming to an end now that the $26 billion mortgage settlement has been approved.
The number of homes entering foreclosure dropped in February, but a new up-turn may soon be on its way.
New home sales exceeded forecasts in the latest government readings Friday, another sign of a long-awaited recovery in the battered housing market.
Five years after the housing bubble burst, America's wealthiest families are now losing their homes to foreclosure at a faster rate than the rest of the country -- and many of them are doing so voluntarily.
Home prices fell to their lowest point in more than a decade in January, which helped to lift the pace of home sales, according to a report from an industry trade group.
Millions of borrowers who suffered financial losses because their mortgage lenders played fast and loose while processing their foreclosures now have two ways of getting a payback.
Buying a home is now more affordable than it has been in the last twenty years.
Foreclosures picked up in January, yet another sign that the nation's huge glut of delinquent homes may soon start making their way onto the market.
States are getting $2.5 billion from the national mortgage settlement, but not all of that money is going to help troubled homeowners.
The mortgage settlement agreed to by 49 state attorneys general seems to be yet another stroke of good luck for the banks. Ostensibly, the settlement commits the banks to pay $26 billion to the government and homeowners to compensate for improper conduct in the foreclosure process.
Even as the $26 billion mortgage settlement helps hundreds of thousands of troubled homeowners, it will bring a wave of new foreclosures.
The nation's five largest banks have finally struck a deal with 49 states to settle charges of abusive and negligent foreclosure practices dating back to 2008.
Slowly, but surely, the foreclosure crisis seems to be abating.
Just 302,000 new homes were sold in 2011, 6.2% below 2010 and the lowest number of annual sales since the government started tracking home sales in 1963.
Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac.
The housing collapse has dramatically changed the nation's foreclosure landscape.
Foreclosure filings and repossessions fell to their lowest level since 2007 last year.
Federal officials hope to launch a pilot program in early 2012 to convert government-owned foreclosures into rental properties.
Happy holidays, homebuyers! You just got a very nice present.
Existing home sales during the housing bust were actually 14.3% worse than previously reported, a revision to Realtors' group numbers shows.
Foreclosure filings may have fallen in November but the number of homes scheduled for bank auctions grew significantly, indicating that a new wave of foreclosures are set to take place in the New Year.
If you thought the U.S. housing market couldn't get much worse, think again.
updated: Sat Dec 10 2011 07:14:00
Occupy Boston protesters remained in a city square after a midnight deadline passed for them to clear out.
Neighbors said the house on Vermont Street in Brooklyn's East New York neighborhood had been vacant for years. Three years ago the now-defunct predatory lending bank Countrywide refused to renegotiate the ballooning interest rate on a mortgage filled with hidden clauses and traps. Instead, Countrywide sold the mortgage to Bank of America, which, in turn, initiated foreclosure proceedings. In the East New York neighborhood, one of the poorest parts of the United States, more than 16 per 1,000 homes are in foreclosure, the highest rate in New York City and one of the highest nationwide.
Saying their states are hardest hit by the nation's foreclosure and mortgage crises, the attorneys general of California and Nevada formalized Tuesday a joint investigation alliance to help homeowners victimized by fraud, officials said.
The Massachusetts attorney general sued some of the nation's biggest banks on Thursday, accusing them of "unlawful and deceptive conduct in the foreclosure process."
Happy holidays struggling homeowners! Fannie Mae, Freddie Mac and several large mortgage lenders have pledged not to foreclose on delinquent borrowers during the Christmas season.
New-home sales edged slightly higher last month, as more Americans hunted for bargains in the struggling housing market.
Homebuyers scooped up more previously owned homes in October, slowly putting a dent in the huge inventory on the market, an industry report showed Monday.
A Nevada grand jury has indicted two people allegedly involved in a "massive" robo-signing scheme, the state's attorney general said Thursday.
Home foreclosure filings rose in the third quarter, as recent declines in the rate of new foreclosures came to an end, according to an industry trade group.
"To buy or not to buy: That is the question."
Las Vegas has suffered through the housing bust like few others places and still has further to fall. But these days many real estate investors and home buyers are betting that it's poised to stage a comeback.
The number of foreclosures climbed in October, as mortgage lenders started to work through the paperwork problems that had delayed new filings for much of the last year.
Homeowners whose lenders played fast and loose with their foreclosures may be in for a payday.
The besieged housing market has even further to fall before home prices really hit rock bottom.
Fannie Mae, Freddie Mac, and the Federal Housing Administration own about 250,000 foreclosed properties awaiting resale. Hundreds of thousands of additional units will likely be taken over by the government and become available in the next few years. At least another 250,000 foreclosed properties are awaiting sale in the private market. This drag on the housing market is one of the reasons why housing prices continue to fall and new housing construction is stalled.
Foreclosures continued to plague the U.S. housing market last quarter, while a a growing backlog has caused the length of the foreclosure process to drag on and on.
New-home sales fell once again in August, the fourth straight month of declining sales for the beleaguered home building market.
Home buyers are starting to creep back into the housing market, lured by rock-bottom prices.
Foreclosure filings rose in August, as more homebuyers fell behind on their mortgage payments.
If the Obama administration really wants to save the housing market, it should speed up the foreclosure process -- not prolong the inevitable, experts say.
New-home sales fell once again in July, the third straight month of declining sales for hard-pressed home builders.
Mortgage rates have hit a record low, making homes even more affordable for prospective buyers.
Foreclosure filings dropped once again in July, hitting their lowest level since November 2007, as processing delays and foreclosure prevention measures enabled a larger number of delinquent borrowers to remain in their homes.
Foreclosures declined in more than 84% of U.S. metro areas during the first half of the year, according to the latest report from RealtyTrac, an online marketer of foreclosed properties. But that doesn't mean these markets are staging a turnaround.
Sales of new homes slipped for a second straight month in June, unexpectedly falling 1%, as homebuilders remained reluctant to boost production.
Sales of existing homes dipped in June as buyers unexpectedly backed out of contracts, according to an industry group.
Foreclosure filings fell dramatically during the first half of the year as processing delays at the banks, which are strapped with excess inventory of repossessed homes, continued to skew the numbers -- and falsely raise hopes that the housing market is staging a recovery.
Sales of new homes fell 2.1% in May, after rising for two months in a row, as the housing market continues to struggle.
Amid the clouds of gloom hovering over the nation's housing market there is a silver lining. Steven Liberati sees it. The 28-year old heating, ventilation and air conditioning systems salesman and his fiancé are about to purchase their first home -- a co-op apartment in White Plains, New York -- for a fraction of what they thought it would cost just a couple of years ago.
Foreclosure filings experienced their eighth straight month of declines, according to RealtyTrac.
My fiancé and I are saving up to buy a house in the not-too-distant future. We want to take advantage of the housing market, but he's skeptical about whether this is the best time to buy. When do you think prices will go up? -- S.R., Los Angeles
Home prices hit another new low in the first quarter, down 5.1% from a year ago to levels not reached since 2002.
The number of foreclosure filings issued in April plunged 34% from a year ago -- the seventh straight month of declines.
Home prices in February sank 3.3% to just above the post-crisis lows reached in April 2009. It was the seventh straight month of declines.
In an encouraging sign for the housing market, new home construction increased more than expected in March, according to a government report Tuesday.
On the surface, the foreclosure crisis seems to be easing. The number of foreclosure notices filed during the first three months of 2011 fell 27% compared with the first quarter of 2010, according to a report from RealtyTrac released Thursday.
Florida desperately needs more foreclosures ... or its court system does, at least.
Is our long national foreclosure nightmare ending?
Foreclosure filings plunged in January, but don't shake those pom-poms yet. It's strictly a fake out.
Sometime, somehow, the foreclosure crisis will ease. But probably not anytime soon.
Las Vegas is once again the foreclosure king.
Sales of existing homes jumped in December, marking the fifth month of gains in the past six months, based on an industry report released Thursday.
Foreclosures were at a record high in 2010, and more than 1 million people lost their homes, even as notices started leveling off during the end year.
Existing home sales picked up steam in November, though they are still down nearly 30% from this time last year.
The number of foreclosure notices filed in November plunged 21%, the biggest month-over-month drop ever recorded by RealtyTrac, the online foreclosure marketer. Filings fell 14% compared with November 2009.
Bank of America said Friday it was ending its hiatus on foreclosure sales, and promised to get its act together after a series of sloppy home seizures prompted the bank to back off and re-examine its process.
Several of the big mortgage players are playing Santa Claus again this year, saying they will not evict borrowers in default during the two weeks surrounding Christmas.
Foreclosed properties are selling at a discount that can only be described as HUGE!
Don't even think of touching the mortgage interest tax deduction in the midst of a fragile housing market.
Big banks are having trouble restarting the foreclosure process after this fall's "robo-signing" scandal, and the once booming market for foreclosed homes has been hit hard as a result.
Don't look to the new home market for glad economic tidings: Home builders had another dismal sales month in October, falling to just one-fifth of the sales rate during the boom five years ago.
There's a large number of homes, either already repossessed by lenders or very seriously delinquent, that are poised to be added to the already glutted supply of homes on the market.
Mortgage delinquency rates dropped in the last three months -- but only because more borrowers had their homes repossessed. You can't be late on your mortgage payment if you've already lost your home.
A Congressional watchdog group said Tuesday that U.S. banks should undergo stress tests to determine whether or not they have enough money to absorb losses that could stem from investigations into their foreclosure processes.
Foreclosures fell in October, but it's not because fewer people are losing their homes. Instead, the market is seeing a temporary stay from banks freezing foreclose auctions to review loan documents.
On a recent Wednesday night, my wife and I found ourselves in an otherwise empty Beale Street bar surrounded by a group of Australian men.
The Obama administration is singing a different tune about foreclosures.
Halted foreclosures? Robo-signers? Shoddy paperwork?
It only took him a second to sign each foreclosure document.
The usual suspects led the list of top cities for foreclosure filings during the last three months.
Existing home sales climbed for the second month in a row in September, fueling some hope that a housing recovery is underway.
Tony Louzado is facing foreclosure. He's not alone -- in central Florida, where Louzado lives and works, one in every 56 homes is in foreclosure.
A federal probe investigating five large mortgage servicers has found some improper foreclosures, but officials have yet to find systemic, "structural" problems with processing, according to the U.S. Housing Secretary.
You want to buy a foreclosure? It has gotten a lot harder the past couple of weeks.
Federal law enforcement officials said Tuesday the probe of potential fraud by financial firms in the foreclosure crisis includes an investigation into possible criminal violations of federal laws.
The sheriff of Cook County, Illinois says he will stop evicting residents from foreclosed properties unless he is assured that the foreclosures are legitimate.
Major mortgage servicers are broadening their investigations into the possible mishandling of foreclosures.
Bank stocks have been shellacked lately as investors worry about what impact the foreclosure scandal will have on the results for the nation's largest financial institutions.
Ohio's top law enforcement official, firing another shot across the bow of Ally Financial, asked a judge on Friday to stop the sale of foreclosed homes in cases that relied on faulty paperwork.
Bank repossessions and foreclosure auctions hit record levels in the third quarter, RealtyTrac said on Thursday.
The top prosecutors in all 50 states announced Wednesday a coordinated probe into improper foreclosures by the nation's largest loan servicers, but stopped short of calling for a freeze on all foreclosures.
JPMorgan Chase is expanding its review of foreclosure documents, according to a person close to the bank.
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