Foreclosures fall second time in 3 months: report
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Home foreclosure filings fell in November from October, though they may remain at elevated levels as rising payments on adjustable loans pressure borrowers, a real estate data company reported on Wednesday.
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Forecasters expect the median price of  U.S. homes to fall between 1 percent and 2 percent this year in  what would be the first such decline since 1950, when federal  agencies began tracking such statistics, the New York Times  reported on Sunday.
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The pace of existing home sales fell  for a fifth straight month in August, hitting a 6.3 million  unit annual rate, according to a report from the National  Association of Realtors on Monday that was not as bleak as  economists had expected.
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Homeowners across America were more likely to report declines in their home values than at any time since 1992, according to the The Reuters/University of Michigan Surveys of Consumers for August released on Friday.
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Offering evidence of a possible shift in the housing market, the Massachusetts Association of Realtors reported yesterday that sales of single-family homes fell for the third straight month in October and that the number of homes and condos on the market is up 7.6 percent from a year ago.
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Foreclosure filings rose 36 percent in August from July and 115 percent from a year ago, hit by declines in once-hot housing markets such as California, Nevada and Florida, according to a report released on Tuesday.
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U S foreclosure filings surged 90 percent in May from a year earlier as more homeowners fell behind on their monthly mortgage payments, RealtyTrac Inc. said.
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The share of homes owned but empty edged back up in the third quarter toward a record set earlier this year, the Census Bureau said on Friday, another sign of weakness in the housing sector.
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Business & money: House prices have dropped for the first time in two years, adding to worries of unstable market.
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The number of U.S homeowners that thought their homes increased in value has dropped sharply over the last two and a half years, according to a Reuters/University of Michigan survey published on Friday.
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Property prices are falling at rates not seen since the 1990s housing recession, surveyors warn.
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Mortgage lending has declined for the second consecutive month as a result of the slowing housing market, says the Council of Mortgage Lenders.
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Sales of new U.S. homes fell more  than expected in June to a seasonally adjusted annual 1.131  million rate and the median home price fell for the second  month in a row the government reported on Thursday, as the U.S.  housing market showed more signs of cooling.
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Even as foreclosures keep rising and overall sales continue to plummet, more expensive homes have staged a bit of a comeback in recent months.
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Home foreclosure filings fell in  November from October, though they may remain at elevated  levels as rising payments on adjustable loans pressure  borrowers, a real estate data company reported on Wednesday.
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The tide has &quot;definitely&quot; turned against the seller in the housing market, a leading property expert said today as he published figures showing that prices have fallen for two consecutive months.
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The number of existing homes sold in the US dropped by 2.6% in April, compounding gloom in the domestic property market.