APJRF

Washington policy makers have taken aim at one of the main contributing causes to the housing crisis: inflated appraisals.

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Citigroup reached an agreement with Democratic lawmakers Thursday on legislation that would allow judges to reduce mortgage debt for individuals who have filed for bankruptcy.

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There are many ways to spend $800 billion to revive the economy. In recent days, President-elect Barack Obama has ticked off many of them: invest in infrastructure projects, help states pay for Medicaid, cut taxes on the middle class, expand use of renewable energy.

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Mortgage giants Fannie Mae and Freddie Mac have extended a moratorium on foreclosure suspensions for another three weeks, directing the mortgage servicers they work with to postpone any foreclosure or eviction proceedings through January 31.

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The real estate market is so awful that buyers are now scooping up homes for as little as $1,000.

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Mortgage rates fell to another all-time low, declining for the tenth consecutive week.

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The number of homes under contract to be sold fell 4% in November, according to a report released Tuesday.

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Q. Were you wrong to be so bullish?

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Home prices in Manhattan held up remarkably well in the fourth quarter, despite the economic crisis.

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