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Real Estate News From CNN-Money

Home mortgage rates and real estate news - CNNMoney.com From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions. Housing quagmire: Is it time to remove relief? For the growing number of struggling homeowners in this country, more help is on the way. Additional aid from the federal government will begin making its way to them next month -- one program would help qualified homeowners refinance their mortgages after seeing their property values fall below the amount they owe, and the other includes another round of funding to help the unemployed or underemployed with their payments. Home prices gain 3.6% in past year Despite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing. Tips for getting homeowners insurance 1. Loyalty is overrated Surprise! Banks help more homeowners than Obama Remember how everyone complained that banks weren't doing enough to help troubled borrowers? America's most overvalued cities Don't say we didn't warn you. Foreclosures: How bad is your state? Remodeling your home? Get online Home improvement is one of the fastest-growing segments of e-commerce. But the consequences of a bad decision when it comes to finding a contractor or remodeling products online are far worse than buying the wrong paperback. Say goodbye to the McMansion The American home is shrinking. Toll the bell for the McMansion. Fewer mortgages are in default Fewer mortgage borrowers are delinquent on their loan payments, according to the latest data from the Mortgage Bankers Association. Best moves for home buyers and sellers Plenty of forces, from overly cautious lenders to inaccurate appraisals, are wrecking real estate deals right now. But one of the biggest roadblocks to getting a house sold these days is the disconnect between buyers and sellers. Housing's a wreck. Builders rally. Huh? Stop me if you've heard this before. The housing market is still in shambles. New home sales drop 12.4% New home sales unexpectedly fell in July to the lowest level on record as the housing market continued to suffer from the end of the homebuyer tax credit boost. Toll Brothers: First profit in 3 years Homebuilder Toll Brothers made a profit last quarter -- its first in three years. And it largely has Uncle Sam's tax credits to thank for it. The latest real estate rip-off? Would you be willing to pay the original builder a fee when you resell your home? That's an obligation some developers are trying to slap on homeowners in their communities. Plunging home sales could sink recovery With home sales plunging to their lowest level in 15 years, economists warn that a double-dip in housing prices is just around the corner, threatening to further slow the overall recovery. Newsfeed display by CaRP

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