The mayor of Richmond, California announced a plan to invoke eminent domain in an effort to stave off foreclosures, but critics are loudly criticizing...
Local governments in California are known to launch experiments, but invoking eminent domain on underwater mortgages is raising questions and eyebrows across the nation.
NAR reports that while pending home sales have fallen slightly for the month, annual gains continue to improve. Mortgage interest rates and inventory levels...
The Protecting American Taxpayers and Homeowners (PATH) Act is currently being considered by a Congressional committee, drawing fire from housing trade groups.
Driven by delinquency rates, shadow inventory levels are improving dramatically, and improving at an accelerated pace as housing begins its slow but healthy recovery.
As construction spending improves, particularly private residential spending, the talking heads are already out crying that improvements are flat and interest rates could topple...
Mortgage interest rates are increasing, and overall application volume is dipping, but while refinance applications decline, new purchase applications are actually improving.