Latest News

  • Dane County home sales up 28 percent in October

    Nov. 16--Dane County total home sales in October were up by 28 percent compared with a year ago, while median sale prices continued to drop, according to a preliminary analysis of South Central Wisconsin MLS data by DaneCountyMarket.com.

  • Tax credit extension called bonus for Bay Area real estate

    Nov. 16--The passage of a law this month that extended and expanded a first-time home buyer's federal income-tax credit will give a boost to the market while extending the reach of the tax break to more buyers, observers say.

  • Carpenter replaces De Molina as head of GMAC

    Nov. 16--Michael Carpenter, who joined GMAC Financial Services' board of directors last May, will replace Alvaro de Molina as chief executive officer to accelerate the lender's shift to focus on its core auto finance business and exit its money-losing venture into mortgage lending.

  • Report: Foreclosure crisis hits blacks, Latinos

    NEW YORK - Black and Latinos are at a disproportionate risk in the ongoing foreclosure crisis because they are more likely than whites to have higher-cost mortgage loans and face higher unemployment rates, a report says.

  • Tax-credit extension renews interest in buying a home

    Nov. 16--TAMPA -- Real estate agent Ken Brownlee's phone stopped ringing last month once clients figured they would be unable to close before an $8,000 federal tax credit expired.

  • Hampton Roads home sales up 28 percent over last October

    Nov. 16--First-time buyers rushing to take advantage of the now-extended federal tax credit continued to drive home sales in Hampton Roads last month, according to a report released today.

  • Hub's top-price condos finding few takers

    The economic downturn has taken its toll on Boston's luxury real estate market.

  • Legislators consider changing property tax rules

    Nov. 15--Legislative attempts to control property taxes are somewhat like pressing down on a water bed.

  • Fed proposes changes to mortgage disclosure law

    WASHINGTON - The Federal Reserve is proposing to exempt some investors from a requirement that consumers receive notice within 30 days after their home loan is sold or transferred to a new mortgage company.

  • Frank floats loan plan for unemployed homeowners

    FALL RIVER, Mass. - Rep. Barney Frank said Monday he is pushing a proposal to use some of the interest the government collects from the financial industry bailout to give loans to unemployed homeowners struggling to pay the mortgage.