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MSNBC.com: Real estate

MSNBC.com is a leader in breaking news and original journalism.


05/11/2008 08:44 PM
Nine houses lost, investor reflects on ‘stumbles’
A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market.
05/08/2008 07:02 PM
House OKs housing rescue despite veto threat

U.S. Rep Barney Frank explains the House plan to bail out struggling homeowners by expanding the role of the Federal Housing Administration. (CNBC)The House has passed a housing aid plan to provide $300 billion in refinanced mortgages for struggling homeowners.



05/08/2008 03:01 PM
Mortgage rates edge down slightly

Rates on 30-year mortgages edged down slightly this week, but remained above 6 percent for the third straight week.



05/07/2008 04:18 PM
Bush threatens housing-aid veto
President Bush threatened Wednesday to veto Democrats’ broad housing rescue package, saying it won’t help struggling homeowners.
05/07/2008 10:19 AM
Pending home sales drop to new low in March
An industry group said Wednesday that pending U.S. home sales dropped to a new low in February, signaling the housing slump has yet to bottom out even as the spring sell season gets under way.
05/06/2008 06:23 PM
Countrywide admits mistakes, not wrongdoing
Mortgage lender Countrywide Financial Corp., which is under investigation for inflating certain borrowers' fees, acknowledged Tuesday that it has made errors and pledged to take steps to improve its operations.
05/06/2008 08:05 AM
Video: Video: Lenders making homes crisis worse?

May 6: Are mortgage lenders making the housing crisis worse by preying on families who are already down and out? NBC's Lisa Myers reports. (Today Show)May 6: Are mortgage lenders making the housing crisis worse by preying on families who are already down and out? NBC's Lisa Myers reports. (Today Show)



04/29/2008 11:39 AM
Home foreclosure rate continues ugly climb
The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier.
04/29/2008 11:39 AM
Housing prices drop at fastest pace ever

April 29: Standard & Poor’s housing analyst David Blitzer discusses the latest S&P/Case-Shiller home price index, which showed a decline of 12.7 percent. (CNBC)Housing prices dropped in February at the fastest rate ever, a widely watched index showed on Tuesday, reflecting that the housing slump is gaining momentum.



04/28/2008 02:07 PM
Vacant homes for sale hit new record high
The percentage of vacant homes for sale in the U.S. set a new record high in the first quarter of this year, the government said Monday.
04/24/2008 08:12 PM
How to cultivate a 'green mortgage'

** FOR IMMEDIATE RELEASE **Lisa Kivirist and John Ivanko stand next to a solar thermal system that heats a greenhouse, center back, Tuesday, Feb. 14, 2006, at their bed-and-breakfast, Inn Serendipity, in Browntown, Wis. The two-unit inn was listed as one of the "top 10 eco-destinations" in North America by Natural Home & Garden magazine. (AP Photo/Andy Manis)Recycling and ride sharing can improve the environment. But did you know that applying for a home loan also offers a chance to further the environmental cause?



04/24/2008 11:17 AM
Sales of new U.S. homes plunged in March

April 24: New home sales plunged 8.5 percent in March to the lowest levels in 16 1/2 years. CNBC's Diana Olick reports. (MSNBC)Sales of new homes plunged in March to the lowest level in 16½ years as housing slumped further at the start of the spring sales season.



04/22/2008 05:56 PM
Existing home sales fell 2 percent in March
Sales of existing homes fell in March, the seventh drop in the past eight months, as the spring sales season got off to a rocky start.
04/22/2008 05:45 PM
‘Hope Now’ program falling short, study shows
Efforts to aid beleaguered borrowers are still falling short as 70 percent who are two months behind on their mortgages still aren’t getting help, a new report released Tuesday found.
04/22/2008 04:18 PM
Shiller: Housing slump may exceed Depression
An influential economist who long predicted the housing market bubble cautioned that the slump in the housing market could cause prices to fall more than they did in the Great Depression.
04/22/2008 07:29 AM
Golf transforms a blighted neighborhood

The Charlie Yates Golf Course in Atlanta runs through The Villages of East Lake, a mixed-income apartment community with 542 townhouses, duplexes and garden apartments.  A local developer and philanthropist used the golf course as a catalyst for transforming a once crime-ridden neighborhood into a model community.For years, the East Lake housing project in Atlanta was one of the worst places in America – crumbling and crime-ridden. CNBC reports that the game of golf -  traditionally exclusive, traditionally white - became the driving force in turning around the neighborhood.



04/21/2008 05:37 PM
It's spring ... Ready to buy a home yet?
The spring home-buying season is upon us. But it will take more than pleasant weather to thaw the ice-cold real estate market.
04/17/2008 10:56 AM
For sale: Land next to 'Hollywood' sign

The famous Hollywood sign is visible on Mount Lee under blue skies above Hollywood in downtown Los Angeles, March 18, 2008. Potential sale of property on Cahuenga Peak near the sign has raised objections from many people and is forcing the city to consider buying the property. An investment group that owns 138 sage-covered acres above and to the left of the 45-foot-high, steel-and-concrete "Hollywood" put the land up for sale last month for $22 million



04/21/2008 12:43 PM
Video: For rent: Summer house, $100K/month

April 21: In Malibu, some summer houses are going for beaucoup dinero. NBC's Jinah Kim has the story. (NBC News Channel)April 21: In Malibu, some summer houses are going for beaucoup dinero. NBC's Jinah Kim has the story. (NBC News Channel)



04/16/2008 08:15 PM
FBI sees surge in mortgage fraud investigations
FBI Director Robert Mueller on Wednesday described a "tremendous surge" in mortgage fraud investigations and is diverting agents from other cases.
04/16/2008 12:05 PM
Housing construction fell sharply in March
Home building projects started in March fell by 11.9 percent to a lower-than-expected annual rate while building permit activity, a sign of future construction plans, was off 5.8 percent, a government report on Wednesday said.
04/15/2008 05:12 AM
Foreclosures continue to soar, worst is not over

** FILE ** A foreclosure sign is seen on the lawn of a home in Egg Harbor Township, N.J., in this March  15, 2008 file photo. (AP Photo/Mel Evans, file)The onslaught of homes facing foreclosures has yet to ebb, a research report showed Tuesday, with bank repossessions skyrocketing last month.



04/15/2008 02:34 PM
Rep. Frank threatens tough mortgage rules
Rep. Frank says Democrats in Congress and President Bush will agree on a bill to help homeowners get into lower cost mortgages, but it won’t be through the bankruptcy courts.
04/14/2008 06:47 PM
Sinking housing market maroons homeowners

Abandoned projects have many new buyers staring at unfinished business As America’s housing market has foundered, homeowners who bought into newly rising projects at just the wrong time have found themselves marooned in abandoned developments.



04/14/2008 08:13 PM
Coalition squeezing Congress in mortgage mess
Democrats crafting a housing rescue plan are under pressure from liberal groups to push aggressive measures that would force lenders to let homeowners restructure their mortgages.
04/14/2008 10:32 AM
Poll: Growing majority avoid buying homes

Home for sale signs line a street of a new subdivision in Cascade Locks, Ore., Wednesday, April 9, 2008. The Bush administration announced new steps Wednesday to help more homeowners head off foreclosure. The Senate, in the meantime, worked to complete a bipartisan housing bill the White House says would worsen the mortgage mess. A growing majority say they won't buy a home anytime soon, the latest sign of increasing pessimism about the nation's housing crisis, a poll showed Monday.



04/14/2008 06:51 PM
Apartment rental costs are all over the map

A sign at an apartment building in Los Angeles advertising a two-bedroom apartment for rent is pictured March 19, 2008. The current rent for the unit is $2,000 per month. The U.S. housing crisis and credit crunch may end the American dream of property ownership for millions of people, but for landlords seeking bargain investment properties the market is looking up. REUTERS/Fred Prouser  (UNITED STATES)A curious thing happened during 2007 while the mortgage market was imploding: Median apartment rental prices in major cities shifted dramatically.



04/10/2008 12:38 PM
Senate passes bill to ease housing crisis
The Senate on Thursday passed a bipartisan package of tax breaks and other steps designed to help businesses and homeowners weather the housing crisis.
04/10/2008 05:23 PM
Low rates counteract Bush foreclosure plan
Falling short-term rates have diminished the need for a much-heralded government plan to help homeowners whose mortgages were due to reset at more expensive levels.
05/12/2008 05:06 AM
Mortgage mess front page


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