Housing News

Home sales improve in July as prices, interest rates rise

Home sales continue to improve despite the challenges of increasing prices and interest rate jumps. Fewer distressed sales account for some of the price gains, and NAR states that if interest rates continue to rise, the buyer pool could dry up.

Calm down, you’re not getting a $1 home in Gary, Indiana

Gary, Indiana is now known as the home of the $1.00 houses through a special government program, but calm down, you are very unlikely qualified for the chance to rub some quarters together and turn it into a property.

Obama’s housing plan urges end of Fannie, Freddie

Obama has a plan laid out that could finally put an end to Fannie Mae and Freddie Mac, a move that both parties have pushed for.

DOJ revises web transcript of 2012 Eric Holder speech

When it was discovered that Eric Holder misstated facts about the Mortgage Fraud Task Force, the DOJ initially issued a press release to correct the record, but has now made the situation worse by editing the original transcript, scrubbing it of errors.

Homespin visual home search adds new amped up features

Homespin combines the beauty and simplicity of visual home search for consumers with brilliant feedback and communication tools for real estate professionals.

Foreclosure settlement check drama: bad for Citigroup

As a result of the Independent Foreclosure Reviews, checks are in the mail for wronged homeowners, but a major conflict of interest at Citigroup has come up that has gone mostly unnoticed.

JPMorgan staff that allegedly hid $6B in losses to be jailed

Two arrests are finally set to be made in JPMorgan's "London Whale" case wherein the bank allegedly covered up $6B in losses - will more arrests follow?

Home prices see strongest gain in over seven years

Continuing to strengthen, home prices saw tremendous annual gains in the second quarter, according to the National Association of Realtors.