The housing market seemed to catch its breath after struggling to recover from the most severe downturn since the Great Depression in the 2nd half of 2009. The first-time homebuyers tax credit and low mortgage rates lured buyers who’d been dithering and helped move the glut of foreclosures that has been dragging down home values. Sales […]

AP – In this Oct. 15, 2009 photo, a sign for a newly-constructed home advertises a financing rate in Chagrin … By ALAN ZIBEL, AP Real Estate Writer Alan Zibel, Ap Real Estate Writer – Tue Nov 24, 2:09 pm ET WASHINGTON – The summer’s trend of rising home prices faded at the end of the traditional home shopping season, two reports […]

Even though home prices have not hit bottom yet, prices are low enough to draw many bargain hunters. The national median home price has fallen 26% since its peak in early 2006. Foreclosures are now more numerous, especially in places like California, Nevada, Arizona and Florida. Foreclosure prices put pressure on traditional sellers in terms […]