K. Hovnanian’s Bobby Ray has announced he is stepping down as group president of the builder’s Texas and Florida markets after 12 years with the company.
Builder confidence in the new single-family homes market rose by three points to 20 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for November.
The number of homeowners who have delayed selling because of the real estate market has declined slightly in the last 18 months, suggesting the pending supply of "visible" homes is stabilizing.
There is almost a 50 percent chance that the Federal Housing Administration (FHA) will need a taxpayer bailout, according to a government audit released today.
Foreclosure filings in Nevada dropped in October, which was the first month of a new state law that mandates tighter foreclosure-processing requirements.
The nation’s home appraisal system needs a serious overhaul, according to a white paper prepared by appraiser Joan Trice and members of the Collateral Risk Network.