President Barack Obama’s prime-time address on jobs didn’t focus much on housing, but it would create a $15 billion fund to get construction workers to rehab vacant and foreclosed homes and businesses.
Historically low mortgage rates aren't enough to make up for a struggling economy as potential home buyers continue to sit on the sidelines. And those who already own a home aren't trying to refinance, either.
U.S. Rep. Gary Ackerman, D-N.Y., is planning to introduce "Homestead: Act 2," a bill designed to encourage homeownership by offering potential homeowners incentives to invest in existing homes.
Sales of new homes beat expectations for May, but are still at historically low levels, according to the U.S. Census Bureau. May sales were at a seasonally adjusted annual rate of 319,000, 13.5 percent above May 2010's record low.
After three consecutive years of record-low construction levels, the vigor of the recovery in housing now hinges on a return of demand, according to the State of the Nation’s Housing report released this morning by the Harvard University Joint Center f