The number of California homes that entered the foreclosure process during the second quarter fell for the fifth straight quarter, to the lowest level since second-quarter 2007, research company MDA DataQuick reported today. The company reported that 70,051 notices of default were filed at county recorder offices in California during the second quarter, down 13.6 [...]

Signs of recovery in the housing market and the national economy keep popping up – and are even beginning to surprise veteran analysts on Wall Street and elsewhere. Though economists had expected the latest pending home sales index to be down – after all, February saw the worst weather in decades in large parts of [...]

National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released record-high levels of housing affordability, the highest level since first being compiled 18 years ago. Oddly, the latest housing news is usually about the nation’s high foreclosure rates, but the combination of the sliding house prices and favorable mortgage rates are apparently creating a [...]

Consumers may believe that with the recession, the bursting of the real estate housing bubble, and the mortgage crisis, zero down mortgage loans are thing of the past. They are not, but these mortgage loans come from a place you wouldn’t think of: the U.S. Department of Agriculture (USDA). click here for more

Nadya Suleman, also known as “Octomom,” after her highly criticized octuplet birth as a result of in vitro fertilization, is facing foreclosure. That’s something that many homeowners without 14 kids have faced, in this recession. click here for more

Home foreclosures and the resulting banking mess it can lead to has money homeowners facing what is known as mortgage debt forgiveness. While it may sound like a good thing, many homeowners do not realize that mortgages debts, which are forgiven or cancelled may be counted as income and subject to taxation. This is especially [...]

Home prices rose nationally for the seventh straight month in December as the U.S. housing market continues its bumpy road to recovery. The Standard & Poor’s/Case-Shiller 20-city home price index rose 0.3 percent from November to December, to a seasonally adjusted reading of 145.87. The index was off 3.1 percent from December last year, nearly [...]

Housing Opportunities Made Equal of Virginia Inc. has filed 20 housing discrimination complaints against people who posted online ads that may violate fair-housing laws. Some of the ads offered free or reduced-cost housing, such as a room in a house or apartment, in exchange for sex. Some stated a preference for women, younger people or [...]

Home prices are still far below their highs just a few years ago. One bittersweet perk for homeowners is that property taxes should be lower, too. If your home’s value has tumbled, you may be able to slash hundreds of dollars from your tax bill by appealing its assessed value. That’s because local governments generally [...]

A dispute between Colorado’s top real estate regulator and lawmakers who say she’s overstepped her bounds has brought new focus to the differences between rules governing mortgage brokers and rules that related professions abide by. The dispute boiled over this week when Real Estate Division director Erin Toll inexplicably went on leave after she revealed [...]