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Private survey shows prices fell in 17 of 20 cit....
WASHINGTON- U.S. home prices are falling again in most major cities after posting small gains over the summer and spring, the latest evidence that the troubled housing market won't recover any time soon.
The Standard & Poor's/Case-Shiller index released Tuesday showed prices dropped in September from August in 17 of the 20 cities tracked. That was the first decline after five straight months in which at least half the cities in the survey showed monthly gains.
A separate index for the Ju....
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New-home sales fall, 2011 could be worst year yet
Sales of new homes fell for the third straight month in July, a sign that housing remains a drag on the economy. If the current pace continues, 2011 would be the worst year for new-home sales on records dating back at least half a century.
Sales fell nearly 1 percent in July to a seasonally adjusted annual rate of 298,000, the Commerce Department said Tuesday. That's less than half the 700,000 that economists say represent a healthy market.
Last year, 323,000 homes were sold -- the worst....
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Buying Your First Home
Home ownership is the cornerstone of the American Dream. But before you start looking, there are a number of things you need to consider. First, you should determine what your needs are and whether owning your own home will meet those needs. Do you picture yourself mowing the lawn on Saturday, or leaving your urban condo for the beach? The best advice is to look at buying a home as a lifestyle investment, and only secondly as a financial investment.
Even if housing prices don't continue to ....
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Cole Real Estate Investments Acquires $2.5 Billi....
Cole Real Estate Investments (Cole), one of the nation’s most active buyers of high-quality, income-producing commercial real estate assets, announced it successfully completed approximately $2.5 billion of real estate related acquisitions in 2010. The announcement was made by Marc Nemer, president of Cole Real Estate Investments.
Cole added over $1.2 billion of single-tenant retail properties, approximately $500 million of anchored retail power centers, and $700 million of single-tenant of....
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Judge: NY foreclosure rescue firm engaged in fraud
Long Island-based American Modification Agency is found to have misled customers on its ability to help them modify the terms of their home mortgages.
A state Supreme Court judge has ruled that the self-proclaimed largest foreclosure rescue company in the nation engaged in fraudulent, deceptive and illegal business practices in promising to save clients’ homes in exchange for hefty upfront fees and then often doing little or nothing in return.
Long Island-based American Modification Agency c....
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