homes – News Stories About homes - Page 5

Jul 3, 2007 5:45 PM CDT

Scams Target Delinquent Homeowners

'Equity strippers' deceive borrowers behind on their mortgage payments

(Newser) - A new form of fraud is thriving in the declining housing market, targeting desperate homeowners who are late on their mortgage payments. Known as equity strippers, companies cold-call burdened borrowers, promising a reprieve from their financial woes. In the end, they profit, and the owners end up losing their home...

10 Best Retirement Bargains

Jul 2, 2007 12:38 PM CDT

10 Best Retirement Bargains

U.S. News susses out the 10 spots that offer the most to retirees on a limited budget

(Newser) - Cost of living isn't the only important factor when deciding on a place to retire. Weather, proximity to cities, airports, entertainment and hospitals are also play a part. U.S. News considered all the angles and came out with these top picks:

Boone, North Carolina
Dahlonega, Georgia
Fredericksburg, Texas
Kennebunk,

...

Consumer Confidence,
New Home Sales Slump

Jun 26, 2007 12:13 PM CDT

Consumer Confidence, New Home Sales Slump

Grim economic indicators continue to stack up

(Newser) - Indicating that the topsy-turvy economy probably won't be righting itself anytime soon, consumer confidence dropped in May, as did new home sales, a signal that the reeling housing market has yet to hit bottom. The Fed will likely take up consumer worries at a 2-day meeting that starts tomorrow, Bloomberg...

Home Sales Plunge to
4-Year Low

Jun 25, 2007 6:27 PM CDT

Home Sales Plunge to 4-Year Low

Inventory glut, rising mortgage rates bode ill for quick rebound

(Newser) - Sales of existing homes fell again last month, while the number of homes languishing on the market hit a 15-year high. The median price sank to $223,700, the AP reports, and thanks in part to the woes of the subprime mortgage sector, overall sales were 10.3% below last...

Home Foreclosures Hit Record

Jun 14, 2007 3:16 PM CDT

Home Foreclosures Hit Record

A dreary real estate market is fueling an all-time high rate of foreclosures

(Newser) - Home foreclosures hit a record high in first-quarter 2007 as more subprime borrowers failed to make their mortgage payments. The number of mortgages entering foreclosure spiked four basis points to 0.58% and over 2.4% of subprime mortgage holders defaulted, up from 2% last quarter, according to a report...