In the News

Glut of foreclosed homes threatens housing market
Housing prices are falling, and they are going to fall some more

The nation’s biggest banks and mortgage lenders have steadily amassed real estate empires, acquiring a glut of foreclosed homes that threatens to deepen the housing slump and create a further drag on the economic recovery.

Troubled home market creates generation of renters
For many Americans a home now feels too costly, too risky or unlikely to appreciate

A growing number of Americans can't afford a home or don't want to own one, a trend that's spawning a generation of renters and a rise in apartment construction.

Bill would let appraisers 'round up' home values
Lawmakers seek legal way to fight effects of distressed property sales
Pity the poor Nevada homeowner. With home prices tumbling there at perhaps the fastest rate in the nation, it has become nearly impossible to get a handle on how much a home is worth. Why?

Foreclosure sales slow, but remain very high
Huge backlog of distressed properties means any housing recovery is a long way away
Sales of homes in some stage of foreclosure declined in the first three months of the year, but they still accounted for 28 percent of all home sales �a share nearly six times higher than what it would be in a healthy housing market.

No end in sight to foreclosure quagmire
Four years after a wave of rogue mortgage lending sent the U.S. housing market into the Cheap iPad 2 Cases worst collapse since the Great Depression, the devastating flood of resulting foreclosures shows no sign of abating. In some ways, the problem is getting worse.

Foreclosure flood may not have crested yet
More than 4 million seriously delinquent borrowers are at risk

If the national foreclosure crisis were a baseball game Cosplay Costumes, we would be in about the top of the sixth. And we may have to go to extra innings.


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