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Today's Real Estate News - Sunday, March 14

Homeowners take ‘cash for keys’ to escape debt

Owners of bad loans are increasingly making deals with borrowers to avoid a foreclosure. Lawmakers are more accepting of these solutions even if they mean the borrower loses the home.

Foreclosure - Loan - Business - Real estate - United States

Mortgage relief aid reaches few homeowners

Hundreds of thousands of homeowners are in limbo waiting to find out if they will be accepted for the Obama administration's foreclosure prevention program.

Mortgage - Presidency of Barack Obama - United States - President - Business

New wave of foreclosures threatens market

Swelling ranks of homeowners who are seriously delinquent but haven't yet lost their homes may soon lead to a new round of foreclosures.

Foreclosure - Real estate - Business - RealtyTrac - United States

Survey: Pace of foreclosures may be slowing

RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level, the smallest annual increase in four years.

Mortgage rates fall below the 5 percent mark

Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.

Ten cities managing to weather the recession

Jobs in Washington D.C. are growing quickly, and in 2008 the city produced more in goods and services than almost anywhere in the country.

Washington DC - Weather - Recession - United States - Washington

Pending home sales tumble amid winter woes

The number of buyers who agreed to purchase a home fell sharply in January, a sign that demand for housing is sinking this winter as stormy weather slammed Eastern states.


Business - Construction and Maintenance - Residential Housing - Real estate - Thomson Reuters