Lenders’ tight underwriting standards have been blamed for sidelining many potential home buyers the last few years, but things may be starting to change.
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The latest Census data shows that only about 380,000 new households formed in the last 12 months—a small fraction of the norm.
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With an improving housing market, “investors are back in the game,” says the vice president of RealtyTrac.
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Despite threats of backlash, more cities are considering a controversial plan to use their eminent domain powers to seize underwater mortgages.
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The listing agent for an estate in Boca Raton, Fla. is offering up a free, limited-edition Rolls Royce to help drum up potential buyers for the $12.75 million mansion.
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Unlike social and economic upheavals of the past, Americans reacted to the recession largely by staying put.
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