“An array of federal and state investigations into the way banks foreclose on delinquent homeowners has contributed to a sharp slowdown in foreclosures across the country,  . . . the pace of foreclosures could be curtailed further by courts.  In a closely watched case, the highest court in Massachusetts invalidated two foreclosures in that state on […]

“Home prices across 20 major metropolitan areas fell 1.3% in October from September, the third straight month-over-month drop, according to the S&P/Case-Shiller home-price index released Tuesday. Many economists expect the declines to continue into at least next spring, erasing most of the gains made since prices bottomed out in early 2009.  The housing market, which […]

“The NAHB housing market index stayed at 16 in December for the second month in a row. The prospective buyers index caught our eye — ticked down to 11 from 12 in November. It is quite amazing that despite all the government efforts, the real estate market continues to struggle to find anything more than […]

One of the biggest problems right now is a requirement that borrowers prove their incomes by relying on at least two years of tax returns. That often trips up self-employed workers and small-business owners who take deductions that shrink their taxable income. It could also sink borrowers who were unemployed for a short time or […]