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Student Loan Debt Passes $1T
America's student loan debt is a lot higher than previously believed, a fact that may create a drag on the economy for years to come, according to a new report from the Consumer Financial Protection...
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Facing Foreclosure? BofA to Let You Rent Your Home
Falling behind on your Bank of America mortgage? Well, what would you say if the bank offered to take your house, but let you rent it for a while? That's the idea behind a new "Mortgage to Lease" pilot...
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Homeownership Falls to 15-Year Low
The US homeownership rate fell to 65.4% in the first quarter to hit a 15-year-low, as foreclosures and a strong rental market kept Americans away from homeownership, according to figures released by...
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Home Prices Get Rosier —in Certain Zip Codes
The housing market's recovery has become a much patchier affair than the boom and crash were, the Wall Street Journal finds. More areas around the country are seeing home sales and prices rise, but...
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Rents Hit Record Highs, Vacancies at 10-Year Lows
With would-be homebuyers continuing to sit on the sidelines, rental vacancies dropped to a 10-year low last quarter, driving up rental prices to record levels around the United States, reports the Wall...
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Home Prices See Biggest Jump Since 2005
House prices had their biggest jump in years in the second quarter of 2012, mainly because of a big shortage of houses for sale, reports the Wall Street Journal . Officials from data firm CoreLogic say...
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Foreigners Gobbling Up American Homes
The Canadians are coming ... for our real estate. A weakened dollar coupled with a buyer's market is prompting foreigners to snatch up expensive homes here in the US. Of the $928 billion spent on US...
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The Government Needs to Start Buying Mortgages
Five years after the mortgage crisis began, housing is still one of the biggest factors dragging the economy down. There's just one option left, economists Joseph Stiglitz and Mark Zandi write in the...
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Another Sign of New Life for Housing Market
Americans bought more homes in July than in June, the latest evidence that the housing market is slowly recovering. Sales of previously occupied homes rose to a seasonally adjusted annual rate of 4.47...
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Economy Has Hit Bottom, Census Suggests
Are you a glass-half-full or a glass-half-empty type? Because that will have a lot to do with how you read the American Community Survey, a compilation of 2011 Census data and unofficial figures from...
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Consumer Confidence Soars Past Expectations
Consumer confidence soared to a seven-month high, flying far above analyst expectations, according to a Conference Board report released today. The board's index came in at 70.3, up from 61.3 a month...
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US Housing Construction Hits 4-Year High
US builders started construction on single-family homes and apartments in September at the fastest pace since July 2008, a further indication that the housing recovery is strengthening. The Commerce...
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Federal Housing Agency Almost Out of Money
The Federal Housing Administration is expected to announce this week that it's on the verge of running out of cash and may need taxpayer help, the Wall Street Journal reports. Rising mortgage defaults...
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Housing Starts Soar to Highest Since 2008
The housing market might finally be coming around. The number of new homes that began construction last month took a surprise 3.6% leap to an 894,000 annual rate—the highest since July 2008, the...
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Home Prices Climbed 3% in September
Home prices increased in September in most major US cities, more evidence of a housing recovery that is providing a lift to the fragile economy. Standard & Poor's/Case Shiller reported today that...
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29% of Homeowners Are Mortgage-Free
In a country ravaged by the housing crisis, a hefty chunk of homeowners—some 29.3%—have escaped the mortgage burden entirely, a new report by Zillow finds. A great deal of the 20.6 million Americans...
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Much Ado in Paris Over Man's Tinier-Than-Twin Bed Home
If this is a Parisian apartment, no wonder folks there are les miserables . For the past 15 years, "Dominique" has been paying $442 a month to live in a 16.8-square-foot Parisian apartment too small to...
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Jan. Home Prices See Biggest Jump Since 2006
Home prices jumped 8.1% this January compared to a year before, according to the 20-city Case-Shiller index. That beats economists' expectations of a 7.9% increase and marks the biggest year-over-year...
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Feds Look to Deep-Six 'Forced' Home Insurance
Since 2009, some six million "force-placed" home insurance policies have been written—expensive policies that hit homeowners if their original plans fall through, for instance, because they've fallen...
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White House to Banks: Loan to Those With So-So Credit
The White House is fighting to make it easier for people with less-than-stellar credit to get home loans, a move insiders say will spur recovery. They're joined by housing advocates who say the...
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