Home prices in some of the worst-hit areas of the country have fallen far below pre-bubble levels, igniting concerns that properties in those markets are undervalued, according to analysis by Zillow.
President Obama has directed a small team of advisers to develop a proposal that would keep the government playing a major role in the nation’s mortgage market, extending a federal loan subsidy for most home buyers, according to the Washington Post.
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 604,000, 1.5 percent below the revised June estimate of 613,000, but 9.8 percent above the July 2010 rate of 550,000, according to the U.S. Census Bureau.
Last Friday, RealtyTrac released its U.S. Foreclosure Market Report for July 2011, which shows foreclosure filings were reported on 212,764 U.S. properties in July, a 4 percent decrease from June.
The Obama administration will announce plans Wednesday to seek investors' ideas for turning thousands of foreclosed properties owned by government-backed entities into rental homes.
Builders specializing in communities for active seniors over 55, such as PulteGroup’s Del Webb brand and D.R. Horton, are offering new home designs featuring snore rooms near the master bedroom for couples who can’t always catch a good night’s slee
A Bozeman, Mont., builder is constructing a home that is nearly 100-percent American-made — even its plastic sewer caps and underground copper connectors are made in the U.S.
