Real Estate News

Amid falling prices, homeowners are understandably nervous about how they can protect what for most is their biggest asset. While diversification isn't an option, there are steps homeowners can take to ride out the housing storm.

The rate of U.S. home mortgages overdue or in foreclosure surged again in the second quarter, a survey found.

Thanks to a strong currency and stable economy, Canadians are snapping up American homes. But with so many houses on the market, it takes some effort to attract their attention. June Fletcher offers some tips.

Boosted by a stronger currency and rising house values at home, Canadians are now the biggest foreign buyers of U.S. homes.

Allen Iverson cut the price of his Pennsylvania home; Matthew Modine purchased a condo in New York City; Leonard Ross took the Hearst estate in Beverly Hills off the market.

Home mortgage rates moved lower this week after indications that consumer spending could slow, Freddie Mac's chief economist said.

If you're a true cheapskate, stay put. Moving is expensive and wasteful. Neal Templin's family would have come out ahead financially by staying put instead of moving to another city.

GMAC and its ResCap unit plan to close all 200 GMAC Mortgage retail offices and cut 5,000 jobs, in a plan that could lead to savings of $1 billion.

London homes remain so expensive that the government's housing stimulus plan falls short, economists and real-estate agents said.

Britain's Brown unveiled the first in a series of measures to prop up the housing market and boost his approval ratings.

A few ideas for avoiding another housing crisis.

California lawmakers passed a bill aimed at cutting carbon-dioxide emissions by requiring cities and counties to prevent urban sprawl and improve public transportation.

Lehman is nearing a plan that will allow it to offload billions of dollars in real-estate loans from its books.

Starwood Hotels' high-end St. Regis brand will make its first appearance on the Las Vegas Strip under a deal in which Starwood will manage a condo development for Las Vegas Sands.

Could CVS Caremark's pending $2.61 billion purchase of Longs Drug Stores come undone? Dissident shareholders hope so, having intensified their campaign to disrupt the deal just as the proceedings hit the home stretch. Their potential wedge is the value of Longs' real estate.

Toll Brothers swung to a loss as the U.S. housing-market declines led to more write-downs for the builder and sales continued to fall.