The previous upturn in housing prices faltered after a year, but all the signs suggest that the current home price recovery …
Foreclosures
Florida Is Swamped with Foreclosures – And Deals on Distressed Homes
Ah, Florida. It’s celebrated as the land of sunshine, snow birds, theme parks, and beaches. This year, it’s also considered the hottest state for snatching up foreclosed homes on the cheap.
Has the Banking Industry Really Been Fixed?
The banking sector still faces big challenges, but greater transparency will boost investor confidence and also encourage banks to manage risk better internally.
New Mortgage Rules: Protection From Banks, or Ourselves?
The government is set to unveil new rules pushing mortgages down a more conservative path. Is it the banks we’re worried about? Or our own behavior?
Highly Educated Have Biggest Debt Problems
The federal government is suing Bank of America for a $1 billion over the bank’s pre-crisis mortgage practice known as “the hustle.” But it wasn’t just naive home buyers who fed the financial crisis. Renters and the well educated had too much debt too, and a new study concludes that college graduates are most prone to debt mismanagement.
How Saving for Retirement Might Backfire
Saving for retirement is now the top financial goal of the vast majority of people who hold a job, according to a recent T. Rowe Price survey. That’s great news. We have a savings crisis in America and we’re finally taking it …
House Flipping Is Hot Again
Buying a home with the intention of reselling it at a profit in the near future made a lot of sense in 2005, when home values appreciated 20% nationwide. A couple of years later, as the real estate market collapsed and millions …
Want to Buy a Foreclosure? Here’s What You Need to Know
Foreclosures are up in 26 of the 50 largest metro areas in the country, according to a quarterly report released by foreclosure site RealtyTrac.com. At the top of the list is Pittsburgh, where foreclosures are up 49% from the …
Foreclosures Are at a 4-Year Low, But That’s Not Necessarily Good News
Foreclosure filings fell in March to their lowest level in four years, according to real estate data provider Realty Trac. For the first time since July 2007, the nationwide number of filings fell under 200,000 — a 4% drop from …
Housing Prices Fall to 2003 Levels, But Demand May Be Building
It’s now officially a lost decade for home prices. With the release of the January data for the Standard & Poor’s/Case-Shiller Home Price Indexes, prices in a national composite dropped 3.8% from a year before, rolling back to …
Reverse Mortgages More Popular With Younger Homeowners
Once widely seen as money of last resort, reverse mortgages are fast entering the mainstream of retirement income. Boomers are turning to reverse mortgages earlier to pay off debt or improve their lifestyle, according to a report …
Housing Bail-Out Arrives for One Group of Americans: Soldiers and Vets
Call it a war on foreclosure wrongs. The $25 billion foreclosure abuse settlement announced last month between a group of state governments and the largest mortgage banks in the country is meant to help homeowners everywhere who …
