Standard Pacific gets investment; stock surges

Beaten-down shares of home builder Standard Pacific Corp. were up more than 60% on Tuesday after the company said it has received an equity commitment of more than $530 million.



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U.S. new-home sales rise in April

Sales of new homes rose during April for the first time in six months, but economists say it isn't cause for celebration that the nation's housing market is turning around.



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Decline in home prices accelerates in March

The pace of home price declines accelerated in March and there are no hints that the decline might be ending soon, economists said.


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Short Sales Rise as Homeowners Seek Alternative to Foreclosure

In real estate, it’s the sale of a home or property for less than the amount owed the lender. The owner nets nothing on the sale and until recently, it also meant a tax liability, as the IRS considered the difference between the sale price and outstanding loan amount as income.


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Short Sales

A short sale is generally the sale of a stock you do not own.



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U.S. home prices down 1.7% in first quarter: OFHEO

U.S. home prices fell a seasonally adjusted 1.7% in the first three months of 2008 -- the largest quarterly price decline on record, the Office of Federal Housing Enterprise Oversight reported Thursday.


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The high cost of a green dream

It seemed like a fantasy project to renovate their new home in an environmentally sensitive way. Reality is costing them more green than they could have imagined.


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Mortgage applications drop 7.8%

Mortgage application volume falls to one-third of where it was during the height of the housing boom in May, 2003.


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Reverse mortgages: Beware the come-ons

The loans can help you tap the equity in your house. Just don't get tripped up by greedy salespeople.



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Homes are biggest bargain since 2004

Falling prices opened up home buying for many more Americans.


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Mortgage rescue advances in Senate

Plan would let government back loans but not put taxpayers at risk. Banking Committee led by Shelby and Dodd OKs bill. Next stop: Senate floor.


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Home prices continue sharp descent

Steep drops in West. Heartland prices stabilize. Bottom line: 7.7% decline in first quarter.


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Housing starts surge on condo construction

Single-family starts continue falling, touch 17-year low.....



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Senators hammering out mortgage deal

Key members of Senate Banking Committee huddle on proposal to offer more help for at-risk homeowners.



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Why more homeowners aren't getting help

The firms that service mortgages are central to whether or not efforts to prevent foreclosures work. But their role is shrouded in mystery.


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Housing rescue stokes partisan split

GOP pushes back against Dodd bill to expand government role in helping at-risk borrowers and tighten control over big mortgage players.


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Foreclosure filings hit record in April

Survey sees more than 243,000 filings, up 65% from a year earlier, creating problems for local governments.


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A California Couple's Descent

The Borrowers: Sherrie Floyd, 44, a clerical assistant at the Kaiser Foundation, and her husband, Kevin Floyd, 45, a truck driver in Vallejo, Calif.



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Democrats Face Rescue Backlash

Some Voters Oppose Having to Bail Out Homeowners at Risk


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Bonds Tied to Mortgages Have Hope

Maybe there's a way to thrive in the howling wasteland that is the home-loan market.



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5 new rules for home sellers

Whether you're buying or selling, the real estate game has changed. To win, you've got to learn a new playbook.


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Housing bailout: Little cost but also little help

Congress' proposal to help troubled homeowners may only cost $1.7 billion to taxpayers since it might only keep 325,000 of nearly 3 million borrowers from foreclosure.


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Housing rescue: Fighting over best fix

Bush administration broadens its program to back troubled loans, as critics say the agency is not doing enough....



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Mortgage delinquency on the rise

Outlook for delinquencies worsens as lower home prices create cycle of increasing defaults.




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House passes $15B anti-blight bill

Lawmakers say the funds will allow states to buy and repair foreclosed properties in an effort to prevent neighborhoods from deteriorating.



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