Top Real Estate Stories from CBSNews.comhttp://www.cbsnews.com/track/rss/sections/business/realestate/main501303.shtml??source=RSS&en-us(c) MMVIII, CBS Interactive Inc. All Rights Reserved.Wed, 14 May 2008 08:44:05 EDT15http://www.cbsnews.com/track/rss/sections/business/realestate/main501303.shtml??source=RSS&http://wwwimage.cbsnews.com/common/images/v2/logo_cbsnews_small.gif13623Wed, 14 May 2008 15:00:03 EDThttp://www.cbsnews.com/stories/2008/05/14/business/realestate/main4094991.shtml?source=RSS&attr=_4094991More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values, a research company said.Mon, 28 Apr 2008 18:30:03 EDThttp://www.cbsnews.com/stories/2008/04/28/business/main4050898.shtml?source=RSS&attr=_4050898The percentage of vacant homes for sale in the U.S. set a new record high in the first quarter of this year, the government said.Mon, 14 Apr 2008 08:30:04 EDThttp://www.cbsnews.com/stories/2008/04/14/business/realestate/main4012358.shtml?source=RSS&attr=_4012358A growing majority say they won't buy a home anytime soon, the latest sign of increasing pessimism about the nation's housing crisis, an Associated Press-AOL Money & Finance poll showed.Tue, 25 Mar 2008 11:00:04 EDThttp://www.cbsnews.com/stories/2008/03/25/business/realestate/main3965607.shtml?source=RSS&attr=_3965607A widely watched index of U.S. home prices fell 11.4 percent in January, its steepest drop since data for the indicator was first collected in 1987.Tue, 25 Mar 2008 11:30:03 EDThttp://www.cbsnews.com/stories/2008/03/24/earlyshow/main3961672.shtml?source=RSS&attr=_3961672The home's owners, unable to sell, held a raffle and got their price, with some $225,000 left over for charity. The seller and winner spoke to Harry Smith on The Early Show.Tue, 25 Mar 2008 12:30:03 EDThttp://www.cbsnews.com/stories/2008/03/24/business/main3961776.shtml?source=RSS&attr=_3961776After falling for six straight months, sales of existing homes posted an unexpected increase in February. The median home price tumbled by the largest amount on record, though.Sat, 26 Apr 2008 11:00:01 EDThttp://www.cbsnews.com/stories/2008/03/14/earlyshow/living/hittinghome/main3938484.shtml?source=RSS&attr=_3938484The Early Show calls on its resident financial adviser, Ray Martin, and other experts try to help desperate homeowners, in a special series.Tue, 26 Feb 2008 20:30:04 ESThttp://www.cbsnews.com/stories/2008/02/26/eveningnews/main3880937.shtml?source=RSS&attr=_3880937A foreclosure scam is turning some homeowners into victims. Kelly Cobiella explains what mortgage holders need to know before it's too late.Tue, 26 Feb 2008 20:30:04 ESThttp://www.cbsnews.com/stories/2008/02/26/eveningnews/main3880935.shtml?source=RSS&attr=_3880935Two cases being argued before the state Supreme Court is being watched by hundreds of thousands of people who have not recouped damages from their insurance companies post-Katrina, Hari Sreenivasan reports.Mon, 25 Feb 2008 17:00:04 ESThttp://www.cbsnews.com/stories/2008/02/25/business/main3875007.shtml?source=RSS&attr=_3875007Sales of existing homes fell for the sixth straight month in January, dropping to the slowest sales pace on record. Median home prices were also down.Tue, 19 Feb 2008 10:00:03 ESThttp://www.cbsnews.com/stories/2008/02/19/business/realestate/main3843905.shtml?source=RSS&attr=_3843905An expert told how to add thousands to the selling price without breaking the bank, on The Early Show.Wed, 13 Feb 2008 21:45:31 ESThttp://www.cbsnews.com/stories/2008/02/13/business/main3829273.shtml?source=RSS&attr=_3829273A mountaintop property located near the Hollywood sign and once owned by Howard Hughes is up for sale. The asking price: $22 million.Tue, 12 Feb 2008 21:00:04 ESThttp://www.cbsnews.com/stories/2008/02/12/eveningnews/main3823531.shtml?source=RSS&attr=_3823531When Karen Traynor's home seemed to drop in value by the day - it forced her to make a devastating decision: keep her home and lose money, or let it go into "intentional" foreclosure. Sandra Hughes reports for Hitting Home.Fri, 25 Jan 2008 20:30:03 ESThttp://www.cbsnews.com/stories/2008/01/24/eveningnews/main3750569.shtml?source=RSS&attr=_3750569What happens to the mortgage on your home when the housing market slumps and the interest rate fluctuates? It can go "upside-down." Cynthia Bowers explains in the latest in the series "Hitting Home."Thu, 24 Jan 2008 12:30:02 ESThttp://www.cbsnews.com/stories/2008/01/24/business/realestate/main3748478.shtml?source=RSS&attr=_3748478Ray Martin crunched the numbers for you, and with interest rates continuing to fall, he says you should definitely think about it, even if you refinanced only a few years ago.Thu, 24 Jan 2008 10:37:48 ESThttp://www.cbsnews.com/stories/2008/01/24/business/realestate/main3747925.shtml?source=RSS&attr=_3747925Sales of existing homes fell in December, closing out a horrible year for housing in which sales of single-family homes plunged by the largest amount in 25 years.Fri, 28 Dec 2007 11:30:03 ESThttp://www.cbsnews.com/stories/2007/12/28/business/realestate/main3653249.shtml?source=RSS&attr=_3653249The Commerce Department reported that new-home sales tumbled by 9 percent in November from October to a seasonally adjusted annual rate of 647,000. That was the worst showing since April 1995, when the pace of sales was 621,000.Wed, 26 Dec 2007 23:30:02 ESThttp://www.cbsnews.com/stories/2007/12/26/business/realestate/main3648521.shtml?source=RSS&attr=_3648521U.S. home prices fell in October for the 10th consecutive month, posting their largest drop since early 1991, according to a key index.Tue, 18 Dec 2007 12:30:02 ESThttp://www.cbsnews.com/stories/2007/12/18/business/realestate/main3628477.shtml?source=RSS&attr=_3628477The Federal Reserve endorsed new rules Tuesday that would give Americans taking out home mortgages new protections against shady lending practices. The proposed rules are geared to providing safeguards to the riskiest "subprime" borrowers.Sat, 15 Dec 2007 14:09:52 ESThttp://www.cbsnews.com/stories/2007/12/15/business/realestate/main3622136.shtml?source=RSS&attr=_3622136For some north of the border, the race is on to take advantage of exchange rates. As the Candian dollar has reached parity with the greenback for the first time since 1976, Canadians are looking with an investor's eye at American real estate.Fri, 14 Dec 2007 21:00:03 ESThttp://www.cbsnews.com/stories/2007/12/14/business/main3619478.shtml?source=RSS&attr=_3619478Americans facing foreclosure because of the ballooning interest rates on their variable-rate subprime mortgages would get help from the federal government under legislation that senators overwhelmingly approved today.Mon, 10 Dec 2007 22:30:04 ESThttp://www.cbsnews.com/stories/2007/12/10/business/main3604718.shtml?source=RSS&attr=_3604718Bucking conventional wisdom, a trade group for real-estate agents said the battered housing market is on the verge of stabilizing and inched-up its outlook for 2007 and 2008 home sales.Fri, 07 Dec 2007 08:00:04 ESThttp://www.cbsnews.com/stories/2007/12/07/business/main3587677.shtml?source=RSS&attr=_3587677The amount of equity that U.S. homeowners have in their homes - that is, the percentage of the house that isn't owned by the bank - slipped in the third quarter, to the lowest level on record: just above 50 percent.Thu, 06 Dec 2007 11:30:03 ESThttp://www.cbsnews.com/stories/2007/12/06/business/realestate/main3583433.shtml?source=RSS&attr=_3583433Home foreclosures shot up to an all-time high in the third quarter, fresh evidence of the problems afflicting distressed homeowners amid the housing meltdown, says the The Mortgage Bankers Association.Thu, 06 Dec 2007 08:13:25 ESThttp://www.cbsnews.com/stories/2007/12/06/business/realestate/main3582904.shtml?source=RSS&attr=_3582904Ray Martin takes an early look at the changes President Bush is expected to announce that are designed to help homeowners in trouble.Mon, 03 Dec 2007 11:07:49 ESThttp://www.cbsnews.com/stories/2007/12/03/business/realestate/main3565909.shtml?source=RSS&attr=_3565909Treasury Secretary Henry Paulson said he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage defaults by temporarily freezing their interest rates.Thu, 29 Nov 2007 15:30:03 ESThttp://www.cbsnews.com/stories/2007/11/29/business/realestate/main3553208.shtml?source=RSS&attr=_3553208More gloomy news on housing from three reports: The first quarterly decline in home prices in 13 years, one foreclosure for every 555 households, and a modest increase in home prices in October - but only after a particularly bad September.Tue, 27 Nov 2007 10:30:04 ESThttp://www.cbsnews.com/stories/2007/11/27/business/realestate/main3542373.shtml?source=RSS&attr=_3542373A new report says rising foreclosures will lead to billions of dollars in lost economic activity next year in major U.S cities. The report also says homeowners and financial institutions can work together to contain the effects of the crisis.Sat, 03 Nov 2007 15:00:02 EDThttp://www.cbsnews.com/stories/2007/11/03/business/realestate/main3448579.shtml?source=RSS&attr=_3448579Remember when it was a novelty to "shop" for a house online, using grainy pictures and tiny MLS listings? These days it's a necessity, not a luxury, to use the Web for real estate transactions, says AOL's consumer advisor Regina Lewis.Thu, 01 Nov 2007 18:30:03 EDThttp://www.cbsnews.com/stories/2007/11/01/business/realestate/main3442247.shtml?source=RSS&attr=_3442247A soaring number of U.S. homeowners struggled to make mortgage payments in the third quarter, with properties in some stage of foreclosure more than doubling from the same time last year, a mortgage data company said.Thu, 01 Nov 2007 15:30:04 EDThttp://www.cbsnews.com/stories/2007/11/01/business/realestate/main3440460.shtml?source=RSS&attr=_3440460New York Attorney General Andrew Cuomo said a major real estate appraisal company colluded with the nation's largest savings and loan companies to inflate the values of homes, contributing to the subprime mortgage crisis.Thu, 01 Nov 2007 10:30:03 EDThttp://www.cbsnews.com/stories/2007/11/01/business/realestate/main3439574.shtml?source=RSS&attr=_3439574About 50 miles north of San Antonio, Albert has no residents, 13 acres, a few newly-restored structures, and some peach and pecan orchards. Its owner wants at least $2.5 million for it. Bidding ends Nov. 23.Fri, 26 Oct 2007 05:30:02 EDThttp://www.cbsnews.com/stories/2007/10/25/earlyshow/contributors/raymartin/main3407242.shtml?source=RSS&attr=_3407242Ray Martin spells out what owners of homes damaged by wildfires, or any fire, should do.Wed, 24 Oct 2007 11:30:02 EDThttp://www.cbsnews.com/stories/2007/10/24/business/realestate/main3401514.shtml?source=RSS&attr=_3401514The nation's housing slump deepened in September, as turmoil in the mortgage markets sent sales of existing homes down a record 8 percent, industry figures show.Sat, 20 Oct 2007 08:30:03 EDThttp://www.cbsnews.com/stories/2007/10/20/business/realestate/main3388155.shtml?source=RSS&attr=_3388155As millions of American homeowners reel from spiraling mortgage payments, many municipalities are also raising property taxes. To prevent being squeezed, personal finance expert Ray Martin tells how they can save some money.Tue, 16 Oct 2007 16:00:06 EDThttp://www.cbsnews.com/stories/2007/10/16/business/realestate/main3374307.shtml?source=RSS&attr=_3374307Wall Street continued its retreat after Fed Chair Ben Bernanke and Treasury Secretary Henry Paulson both raised concerns about the slumping housing market. An index that tracks developers' expectations of future home sales fell to an all-time low.Wed, 10 Oct 2007 21:00:05 EDThttp://www.cbsnews.com/stories/2007/10/10/eveningnews/main3355299.shtml?source=RSS&attr=_3355299The housing market is still sinking, and John Blackstone turned up some concrete evidence of that in California, where a dozen housing projects once under construction are now being abandoned by once-eager developers.Wed, 10 Oct 2007 16:30:03 EDThttp://www.cbsnews.com/stories/2007/10/10/business/realestate/main3352608.shtml?source=RSS&attr=_3352608This year's decline in existing home sales will be steeper than previously anticipated. The eight straight downwardly revised forecast from the National Association of Realtors calls for U.S. existing home sales to be 10.8 percent below last year.Tue, 02 Oct 2007 11:30:03 EDThttp://www.cbsnews.com/stories/2007/10/02/business/realestate/main3318199.shtml?source=RSS&attr=_3318199Money maven Dave Ramsey says the current market makes them a bad investment for many prospective purchasers.Thu, 27 Sep 2007 15:00:03 EDThttp://www.cbsnews.com/stories/2007/09/27/business/realestate/main3305398.shtml?source=RSS&attr=_3305398New-homes sales tumbled in August to the lowest level in seven years, a stark sign that the credit crunch is aggravating an already painful housing slump. Sales of new homes dropped by 8.3 percent in August from July.Thu, 27 Sep 2007 12:00:06 EDThttp://www.cbsnews.com/stories/2007/09/27/earlyshow/contributors/raymartin/main3304538.shtml?source=RSS&attr=_3304538Both online and in-persson, they're not just for foreclosed homes or fixer-uppers anymore, as financial maven Ray Martin explained, on The Early Show.Tue, 18 Sep 2007 16:30:05 EDThttp://www.cbsnews.com/stories/2007/09/18/business/realestate/main3272318.shtml?source=RSS&attr=_3272318Nearly 244,000 home foreclosure filings were reported in the U.S. last month - more than twice as many as in August 2006 and a 36 percent jump from July.Tue, 18 Sep 2007 14:30:05 EDThttp://www.cbsnews.com/stories/2007/09/18/business/realestate/main3272055.shtml?source=RSS&attr=_3272055An index that tracks developers' expectations of future home sales fell this month to equal its record low, signaling the housing market's weakness could persist into early 2008.Mon, 17 Sep 2007 04:30:01 EDThttp://www.cbsnews.com/stories/2007/09/13/60minutes/main3257567.shtml?source=RSS&attr=_3257567Former Federal Reserve Chairman Alan Greenspan tells Lesley Stahl he knew about abuses in subprime lending but failed to foresee their paralyzing market effects until late 2005.Mon, 17 Sep 2007 14:00:04 EDThttp://www.cbsnews.com/stories/2007/09/17/business/realestate/main3267575.shtml?source=RSS&attr=_3267575Customers of one of Britain's largest mortgage lenders have been emptying its vaults, taking out more than $4 billion in deposits. And though it's in England, Northern Bank's troubles are tied to the subprime mortgage mess here.Wed, 12 Sep 2007 11:00:03 EDThttp://www.cbsnews.com/stories/2007/09/12/business/realestate/main3253507.shtml?source=RSS&attr=_3253507Ongoing weakness in the housing market will push the national economy to the brink of recession, but growth in other areas should put the country back on a slow road to recovery by 2009, according to a recent economic forecast.Mon, 10 Sep 2007 15:00:03 EDThttp://www.cbsnews.com/stories/2007/09/10/business/realestate/main3246900.shtml?source=RSS&attr=_3246900The downturn in the housing market appears to have driven two N.Y. homeowners to desperate, illegal measures when their property went unsold. Police say the couple, both mortgage brokers, turned their home into a house of prostitution.Thu, 06 Sep 2007 16:00:07 EDThttp://www.cbsnews.com/stories/2007/09/06/business/realestate/main3239996.shtml?source=RSS&attr=_3239996The Mortgage Bankers Association reports that mortgage-holders starting the foreclosure process in the April-June quarter reached 0.65 percent, marking the third consecutive quarter this figure has set an all-time high.Tue, 04 Sep 2007 15:00:04 EDThttp://www.cbsnews.com/stories/2007/09/04/business/realestate/main3230959.shtml?source=RSS&attr=_3230959Banking regulators issued special guidance urging loan service companies to work with borrowers in danger of defaulting on their mortgages. While not mandatory, the regulators expressed hope that mortgage collection agencies would heed the advice.Tue, 04 Sep 2007 11:00:03 EDThttp://www.cbsnews.com/stories/2007/09/04/business/realestate/main3230312.shtml?source=RSS&attr=_3230312BusinessWeek magazine's personal finance editor offered four tips on The Early Show to help homeowners stay afloat in rough housing waters.Fri, 31 Aug 2007 22:30:09 EDThttp://www.cbsnews.com/stories/2007/08/31/business/realestate/main3223602.shtml?source=RSS&attr=_3223602President Bush offered aid for strapped mortgage holders and outlined proposals to help borrowers hard hit by credit problems and the housing slump. He also expressed confidence that the U.S. economy can "weather any turbulence."Thu, 30 Aug 2007 11:00:04 EDThttp://www.cbsnews.com/stories/2007/08/30/business/realestate/main3219820.shtml?source=RSS&attr=_3219820Thousands of Americans can't take the next step in their lives because they can't sell their houses. Some are seniors trying to downsize for retirement, but instead must alter their relocation or travel plans until they find a buyer.Thu, 30 Aug 2007 11:00:04 EDThttp://www.cbsnews.com/stories/2007/08/30/business/realestate/main3219865.shtml?source=RSS&attr=_3219865Gross domestic product was up 4 percent in the spring quarter, thanks for stronger international trade and business investment. But analysts wonder how much longer the economic growth will last with the spreading credit crisis.Mon, 27 Aug 2007 20:30:19 EDThttp://www.cbsnews.com/stories/2007/08/27/business/realestate/main3206682.shtml?source=RSS&attr=_3206682Sales of existing houses in July were down 0.2 percent, reaching the slowest pace in nearly five years. The Midwest was hardest hit, while the Northeast actually showed an increase.Tue, 28 Aug 2007 12:00:04 EDThttp://www.cbsnews.com/stories/2007/08/27/business/realestate/main3206238.shtml?source=RSS&attr=_3206238It will sell its wholesale distribution operation for $8.5 billion rather than the $10.3 billion agreed to in June. Analysts say it's a reflection of problems in the credit and housing industries. Home Depot will also guarantee some of the debt.Mon, 27 Aug 2007 11:30:15 EDThttp://www.cbsnews.com/stories/2007/08/26/eveningnews/main3205052.shtml?source=RSS&attr=_3205052The American housing industry is set to make history this week, and as CBS News correspondent Bianca Solorzano reports, homeowners who have been counting on their houses as nest eggs may be in trouble.Fri, 24 Aug 2007 15:00:03 EDThttp://www.cbsnews.com/stories/2007/08/24/business/realestate/main3201109.shtml?source=RSS&attr=_3201109Two Commerce Department reports were better than analysts had expected: New home sales up 2.8 percent in July, after falling 4 percent in June, and orders for big-ticket goods jumped 5.9 percent in July, the most in 10 months.Wed, 22 Aug 2007 20:30:03 EDThttp://www.cbsnews.com/stories/2007/08/22/business/realestate/main3195971.shtml?source=RSS&attr=_3195971Countrywide Financial Corp. said that Bank of America Corp. has made an equity investment of $2 billion, a deal that comes as the nation's largest mortgage lender tries to weather a credit crunch that's rocked Wall Street and the mortgage industry.Thu, 16 Aug 2007 20:30:04 EDThttp://www.cbsnews.com/stories/2007/08/16/business/realestate/main3176108.shtml?source=RSS&attr=_3176108The credit crunch that has made Wall Street nervous is having an effect on Main Street as well. Cynthia Bowers reports that it could cost some Americans their homes.Thu, 16 Aug 2007 13:30:04 EDThttp://www.cbsnews.com/stories/2007/08/16/business/realestate/main3174100.shtml?source=RSS&attr=_3174100The Commerce Department says construction of new homes and apartments in the U.S. dropped 6.1 percent in July to the lowest level in more than a decade.Wed, 15 Aug 2007 13:30:03 EDThttp://www.cbsnews.com/stories/2007/08/15/business/realestate/main3169355.shtml?source=RSS&attr=_3169355The National Association of Realtors reports that sales of existing homes fell in 41 states during the second quarter while home prices were down in one-third of the metropolitan areas surveyed.Mon, 13 Aug 2007 16:30:04 EDThttp://www.cbsnews.com/stories/2007/08/13/business/realestate/main3162736.shtml?source=RSS&attr=_3162736The Federal Reserve reports that a significant portion of the nation's banks have tightened lending standards on subprime mortgages. It's another indication of the spreading problems in mortgage lending.Fri, 27 Jul 2007 20:00:06 EDThttp://www.cbsnews.com/stories/2007/07/27/business/realestate/main3106420.shtml?source=RSS&attr=_3106420If you're trying to sell a home in this buyer's market, should you consider skipping the broker? Sandra Hughes takes a look at the pros and cons of going it alone.Fri, 27 Jul 2007 16:30:06 EDThttp://www.cbsnews.com/stories/2007/07/26/business/realestate/main3103307.shtml?source=RSS&attr=_3103307Home foreclosures are soaring in many cities. Hari Sreenivasan has advice on what homeowners at risk of losing their homes can do to protect their investment.Wed, 25 Jul 2007 21:00:04 EDThttp://www.cbsnews.com/stories/2007/07/25/business/realestate/main3097878.shtml?source=RSS&attr=_3097878You may be in the market for a new home, but can you really afford to buy one? In part one of his series, "Real Estate, Real Solutions," Anthony Mason has tips for first-time home buyers.Wed, 25 Jul 2007 20:30:04 EDThttp://www.cbsnews.com/stories/2007/07/25/business/realestate/main3095877.shtml?source=RSS&attr=_3095877Existing-home sales fell for the fourth straight month in June to the slowest sales pace in 4 years. Even a small increase in the median price of homes wasn't enough to improve the mood of the real estate industry.Sun, 22 Jul 2007 20:30:07 EDThttp://www.cbsnews.com/stories/2007/07/22/eveningnews/main3087083.shtml?source=RSS&attr=_3087083The U.S. housing market is in a slump, but you wouldn't know it by looking at the luxury home market, where homes sales are soaring into the stratosphere, reports CBS News correspondent Hattie Kauffman.Thu, 12 Jul 2007 15:30:05 EDThttp://www.cbsnews.com/stories/2007/07/12/business/realestate/main3050825.shtml?source=RSS&attr=_3050825With Manhattan's luxury real estate market awash in money from rich foreigners and Wall Street investment bankers with big bonuses to spend, developers are competing hard to attract tenants.Wed, 11 Jul 2007 14:30:05 EDThttp://www.cbsnews.com/stories/2007/07/11/business/realestate/main3044436.shtml?source=RSS&attr=_3044436The prices of existing and new homes are expected to bounce back next year after a dreary 2007, a real estate trade group said. Sales are projected at 865,000 in 2007 and 878,000 next year for new homes.Tue, 10 Jul 2007 15:00:05 EDThttp://www.cbsnews.com/stories/2007/07/10/business/realestate/main3037366.shtml?source=RSS&attr=_3037366Many homeowners are now opting to market their property directly to the consumer using online services such as Yahoo Real Estate and Craig's List. Here are the three key steps you need to take if plan to do that.Mon, 09 Jul 2007 14:00:06 EDThttp://www.cbsnews.com/stories/2007/07/09/business/realestate/main3029920.shtml?source=RSS&attr=_3029920Your low credit score could be costing you thousands of dollars a year, maybe even more. If late payments, bounced checks, or bankruptcy have ravaged your credit, here are five steps to restoring your financial health.Wed, 04 Jul 2007 10:48:57 EDThttp://www.cbsnews.com/stories/2007/07/04/business/realestate/main3015665.shtml?source=RSS&attr=_3015665If a fire or other natural disaster strikes, chances are your rebuilding efforts may not be fully covered. Ray Martin explains how you can figure out if your home and its contents are underinsured and what to do about it.Sun, 01 Jul 2007 10:44:31 EDThttp://www.cbsnews.com/stories/2007/07/01/business/realestate/main3002915.shtml?source=RSS&attr=_3002915Home swaps more typically are used by vacationers, who arrange to temporarily exchange houses. But in a weak market, owners looking for bigger " or even smaller homes " are trying to set up permanent swaps.Tue, 26 Jun 2007 19:30:03 EDThttp://www.cbsnews.com/stories/2007/06/26/earlyshow/saturday/main2984570.shtml?source=RSS&attr=_2984570Advice on moving from Darrin Campbell, executive vice president of operations for the moving and storage company Pods.Tue, 26 Jun 2007 13:00:04 EDThttp://www.cbsnews.com/stories/2007/06/26/business/realestate/main2981534.shtml?source=RSS&attr=_2981534Sales of new homes in the U.S. fell in May for the fourth time in the past five months, providing further evidence of a continued slump in housing. Builders are struggling to deal with the most serious downturn in housing in 16 years.Mon, 25 Jun 2007 13:30:17 EDThttp://www.cbsnews.com/stories/2007/06/25/business/realestate/main2974542.shtml?source=RSS&attr=_2974542In more troubling news for the housing market, sales of existing homes fell in May to the lowest level in four years, while the median home dropped for a record 10th consecutive month.Thu, 21 Jun 2007 12:30:07 EDThttp://www.cbsnews.com/stories/2007/06/21/business/realestate/main2961341.shtml?source=RSS&attr=_2961341Ray Martin explains how "short sales" work, and says they can be better than foreclosures for homeowners in trouble, and home buyers, alike.Thu, 21 Jun 2007 11:10:57 EDThttp://www.cbsnews.com/stories/2007/06/20/business/realestate/main2954731.shtml?source=RSS&attr=_2954731The Early Show financial adviser Ray Martin points out mistakes to avoid. First and perhaps foremost " refusing to face facts: These are hard times for housing.Wed, 20 Jun 2007 04:30:45 EDThttp://www.cbsnews.com/stories/2007/06/20/business/realestate/main2954402.shtml?source=RSS&attr=_2954402Ray Martin sheds light on the best ways to get the best deals, in the first of a three-part Early Show series on buying and selling homes.Tue, 19 Jun 2007 15:00:11 EDThttp://www.cbsnews.com/stories/2007/06/19/business/marketwatch/main2946892.shtml?source=RSS&attr=_2946892Owning a home is a key to the American dream, but with foreclosure rates at a 50-year high in the U.S., it has never been more important to be a responsible buyer.Fri, 15 Jun 2007 20:00:10 EDThttp://www.cbsnews.com/stories/2007/06/15/business/realestate/main2937888.shtml?source=RSS&attr=_2937888With the 30-year fixed-rate jumping more than half a point in the past five weeks, higher mortgage rates could price more buyers out of an already-slumping housing market, Anthony Mason reports.Thu, 14 Jun 2007 12:30:09 EDThttp://www.cbsnews.com/stories/2007/06/14/business/realestate/main2927898.shtml?source=RSS&attr=_2927898A mortgage industry group says late payments and new foreclosures on adjustable-rate home mortgages made to Americans with spotty credit histories hit all-time highs in the first quarter of 2007.Tue, 12 Jun 2007 14:30:07 EDThttp://www.cbsnews.com/stories/2007/06/12/business/realestate/main2917363.shtml?source=RSS&attr=_2917363If your house sorely needs a makeover but remodeling is beyond your reach, the DIY Network's Amy Devers, host of "DIY to the Rescue," suggests trying four simple fixes.Thu, 07 Jun 2007 21:00:02 EDThttp://www.cbsnews.com/stories/2007/06/07/business/realestate/main2900676.shtml?source=RSS&attr=_2900676Regulators and lawmakers seem to be taking a wait-and-see approach as they confront the fallout from several years of lenders making too many home loans to people with inadequate credit.Mon, 16 Jul 2007 16:16:26 EDThttp://www.showbuzz.cbsnews.com/stories/2007/06/05/people/main2886096.shtml?source=RSS&attr=_2886096Roy Scheider says he is selling his five-bedroom oceanfront home in the Hamptons to Billy Joel for a price "close" to $18.75 million.Sat, 26 May 2007 08:30:00 EDThttp://www.cbsnews.com/stories/2007/05/25/london/main2851527.shtml?source=RSS&attr=_2851527In his latest missive from London, Larry Miller tells the story of a 71-year-old man who has lived in a park for decades. A court recently decided he owns part of the woodland " and now he's worth about $4 million.Thu, 24 May 2007 14:00:06 EDThttp://www.cbsnews.com/stories/2007/05/24/business/realestate/main2846419.shtml?source=RSS&attr=_2846419Sales of new homes surged in April by the biggest amount in 14 years, but the median price of a new home dropped by the largest amount on record, so there's no clear indication of which way the housing market is headed.Fri, 25 May 2007 04:13:43 EDThttp://www.cbsnews.com/stories/2007/05/24/business/realestate/main2845418.shtml?source=RSS&attr=_2845418"This train is now on the tracks," says World Trade Center site leaseholder Larry Silverstein of a hard-fought deal to collect more payments from the insurers of the twin towers. "The World Trade Center is on its way to being rebuilt."Sun, 13 May 2007 20:53:12 EDThttp://www.cbsnews.com/stories/2007/05/13/business/realestate/main2796108.shtml?source=RSS&attr=_2796108Realtors' sacrosanct commission rate of six percent may be in jeopardy due to emerging online competition from Internet real estate sellers and buyers. Lesley Stahl reports.Wed, 16 May 2007 14:30:15 EDThttp://www.cbsnews.com/stories/2007/05/16/business/realestate/main2815324.shtml?source=RSS&attr=_2815324Construction of new homes posted a small gain in April but applications for building permits plunged by the largest amount in 17 years, a dramatic sign that the nation's housing industry is still in a steep slump.Wed, 09 May 2007 11:00:03 EDThttp://www.cbsnews.com/stories/2007/05/09/business/realestate/main2778651.shtml?source=RSS&attr=_2778651More mortgage applicants and holders are being barraged by calls from prospective lenders after credit bureaus sell info on them to a slew of those would-be lenders. Mark Strassmann's report includes word on how to stop the calls.Thu, 03 May 2007 23:30:00 EDThttp://www.cbsnews.com/stories/2007/05/03/business/realestate/main2759948.shtml?source=RSS&attr=_2759948As state lawmakers rush to reform lending practices that have contributed to a recent surge of mortgage defaults and foreclosures, consumer advocates say these efforts fall short of what is truly needed: a federal law protecting home buyers.Fri, 27 Apr 2007 12:00:09 EDThttp://www.cbsnews.com/stories/2007/04/27/business/realestate/main2734935.shtml?source=RSS&attr=_2734935It was the gross domestic product's worst performance in four years, showing just a 1.3 percent increase. The housing market's woes are blamed, but top economists don't see it as a sign of recession.Wed, 25 Apr 2007 16:00:10 EDThttp://www.cbsnews.com/stories/2007/04/25/business/realestate/main2727484.shtml?source=RSS&attr=_2727484Sales of new homes rebounded slightly in March, helped by better weather, but the gain was not enough to offset big declines in the previous two months. New homes were sold at a seasonally adjusted annual rate of 858,000 units in March.Tue, 24 Apr 2007 12:00:05 EDThttp://www.cbsnews.com/stories/2007/04/24/business/realestate/main2720974.shtml?source=RSS&attr=_2720974They were down 8.4 percent in March, the most since January 1989. The National Association of Realtors blames bad weather and increasing problems in the subprime mortgage market. Another trade group says consumer confidence is down, too.Tue, 24 Apr 2007 13:16:44 EDThttp://www.cbsnews.com/stories/2007/04/24/business/realestate/main2719963.shtml?source=RSS&attr=_2719963Having mortgage troubles? Michael Eisenberg, a certified public accountant and personal finance specialist, offers some advice.Sat, 21 Apr 2007 10:00:01 EDThttp://www.cbsnews.com/stories/2007/04/20/business/realestate/main2712819.shtml?source=RSS&attr=_2712819There's a way to make some extra money in a difficult home-selling market: Be your own broker. But, as The Early Show correspondent Ray Martin tells us, there are some tricks of the trade you should know first.Wed, 11 Apr 2007 05:00:53 EDThttp://www.cbsnews.com/stories/2007/04/10/business/realestate/main2667981.shtml?source=RSS&attr=_2667981Occupying the biggest house on their block doesn't necessarily make you a winner on Wall Street. In fact, researchers have shown in a study of CEOs' home purchases that the bigger the mansion, the worse their company's stock performance.Tue, 10 Apr 2007 15:00:05 EDThttp://www.cbsnews.com/stories/2007/04/10/business/realestate/main2666441.shtml?source=RSS&attr=_2666441If you're thinking about pulling up roots once your working years are done, Consumer Reports suggests reviewing the following factors to help you make your decision.Tue, 03 Apr 2007 11:30:05 EDThttp://www.cbsnews.com/stories/2007/04/03/business/realestate/main2641261.shtml?source=RSS&attr=_2641261Dave Ramsey offers advice on how to stay afloat in those troubled waters. For starters: avoid them, by steering clear of risky loans. If you need one, he says, it means you're not really ready to buy a house.