News

U.S. Home Prices Hit New Low After Sliding 3.8% in December

U.S. home prices hit their lowest level since subprime mortgages began imploding in mid-2006, with 20 metro regions falling 3.9 percent in December compared to the prior year, according S&P/Case-Shiller Home Price Index data released Tuesday.

Existing-Home Sales Rise Again in January, Inventory Down

Existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to the National Association of Realtors®.

Bank of America Scores Key Court Ruling in Resolving Countrywide Mortgage Mess

Bank of America had attempted to get an $8.5 billion settlement over bad Countrywide mortgage-backed securities approved in New York state court over the objection of some angry investors.