Personal Finance Real Estate News

Personal Finance Real Estate News From AOL News

Home Price Declines Deepen in Major US Markets

NEW YORK -- Damage from the housing bust is spreading to areas once thought to be immune. In at least 14 major U.S. metro areas, prices have fallen to 2003 levels - when the housing bubble was just starting to inflate. Prices will likely drop further this year, making many people reluctant to buy or sell. That would push...

New Home Sales Slowest in at Least a Half-Century

WASHINGTON -- Home construction in the United States is all but coming to a halt. Americans are on track to buy fewer new homes than in any year since the government began keeping data almost a half-century ago. Sales are now just half the pace of 1963 - even though there are 120 million more people in the United States...

China Cracks Down on Call for 'Jasmine Revolution'

BEIJING -- Chinese authorities cracked down on activists as a call circulated for people to gather in more than a dozen cities Sunday for a "Jasmine Revolution" apparently inspired by the wave of pro-democracy protests sweeping the Middle East. The source of the call was not known, but authorities moved to halt its spread...

Obama Overhaul of Housing Finance Would Scuttle Fannie, Freddie

The Obama administration today sent to Congress proposals to reduce government support for the home finance market, a series of ambitious if sketchy and protracted moves that would wind down the federally backed mortgage giants Fannie Mae and Freddie Mac. The 32-page plan outlines steps to make room for more private...

From Houses on Sticks to Cabins on Wheels: The Wide World of Tiny Living

Forget walk-in closets, indoor pools and multiple dens. In the world of the great recession, it's the little things that are making the biggest splash in the housing market. Tiny housing is going through a renaissance, and for many architectural experimenters, whether it's a 65-square-foot cabin loaded onto a trailer, an...