house prices

Home Prices Dropped in November in Most US Cities

U.S. home prices fell for a third straight month in nearly all cities tracked by a major index. The declines show that most homeowners are not reaping the benefits from some signs of an improving housing market. Prices dropped in November from October in 19 of the 20 cities tracked, according to the Standard & Poor's/Case-Shiller home-price index released Tuesday.

Survey: Home Prices Down in Most Major US Cities

U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy and weigh on the broader economy in 2012. The Standard & Poor's/Case-Shiller index released Tuesday showed prices dropped in October from September in 19 of the 20 cities tracked.

America's 10 Poorest Suburbs

Poverty has been rising even faster in the suburbs than it has in cities -- about five times faster, according to the Brookings Institute. To help understand this phenomenon, 24/7 Wall St. has analyzed the 10 metropolitan areas with the highest rates of poverty in their suburbs.

The Tell-Tale Stat: In Housing Market, Inventory Is Key

If you're trying to decide whether it's time to consider buying a house, the best clues can be found in the new and existing home inventory numbers. And despite all the other positive indicators, those figures are still much too high for comfort.

Housing's Long and Winding Road to Recovery

Home prices are falling again nearly nationwide, but the pace of sales is starting to pick up in recent months. Overall, it seems clear that the worst of the housing debacle has passed. It's just that the U.S. remains on a slow, grinding track back to housing health.

Panel: Foreclosure Prevention Program Had 'Less Impact' Than Expected

The government%u2019s program to prevent foreclosures is falling far short of its stated goals, a congressional watchdog reported. The Treasury%u2019s Home Affordable Modification Program (HAMP) is likely to fulfill less than a third of its goal of preventing 3 million foreclosures, the Congressional Oversight Panel for the Troubled Asset Relief Program said, according to Bloomberg News.

Will Property Taxes Really Escape the Downturn?

A recently updated Fed working paper happily points out that even as other sources of municipal tax revenue have plummeted recently, property taxes have held fairly steady, and the authors expect that to continue. Unfortunately, their optimistic prediction ignores the bigger picture.

Americans Need Trillions More for Retirement

A new study says that Americans are $6.6 trillion short of the amount they need to retire. The study says that falling stock values and house prices have squeezed Americans%u2019 savings, CNBC reported. Advocacy group Retirement USA commissioned the study and it was conducted by Boston College%u2019s Center for Retirement Research.

What to Do About Fannie Mae and Freddie Mac?

Timothy Geithner's Treasury Department hosts the first public forum today on reforming the ways in which mortgages are financed in the U.S. If the long, messy, politicized slogs over health care and financial reform are any indication, get ready for more of the same, or worse.

One in Four Home Sellers in U.S. Has Cut Asking Price

One in four home sellers in the United States has lowered the asking price on their house, according to a report by real estate search website Trulia.com. The total dollar amount cut from home prices in the country%u2019s 50 largest cities as of Aug. 1 was $30.1 billion, Trulia said in a statement. The average discount was 10% off the listing price.