You might think that with headlines that shout about plummeting home prices that the silver line to this cloud over housing would be affordability. Lower prices mean more people can buy houses, right? Wrong. Here's why.   Read More

Not that he needs anymore, but yet another kudo to Michael Phelps for doing his part in the housing recovery. Instead of heading for La-La-Land, where all those cameras await, or for a spicier set-up in South Beach, the millionaire medal man reportedly decided to sink $1.69 million into his hometown of Baltimore.    Read More

New numbers are out today from the Hope Now Alliance. You may remember last fall, when Treasury Secretary Henry Paulson announced this new effort, bringing together mortgage servicers, counselors and investors to help borrowers in trouble.   Read More

First, let me say that I don’t believe in month-to-month data when it comes to the housing market; I think it’s far too volatile, whether it’s prices, sales or even mortgage applications (the mortgage bankers issue a three-month moving average, which is much more accurate). That said, I want to talk about home prices today...    Read More

New Home Sales rose by 2.4% last month while June numbers were revised downward.  While there are many factors to consider, the results continue to be a real life lesson of basic economics and the rules of supply and demand.  Looking at the long term trends, don't expect changes overnight.   Read More

I was heartened to learn Monday that there is actually a price point at which buyers are willing to get back into today’s housing market -- despite the fact that economists, builders and the CEOs of Fannie and Freddie all say that house prices will continue to fall. But don't pop the champagne corks just yet.   Read More

With continued concerns about GSEs, Freddie Mac and Fannie Mae, short interest in the pair has been on the rise.  Are shorts betting on one over the other?   Read More

Between credit card debt and a loss on an investment, Suzanne and Brett wonder if they’ll ever be able to start a family.    Read More

I’m always asking the question: If there are so many lenders and so many programs trying to help troubled borrowers, why do the foreclosure numbers keep going up?    Read More

Trump says "it would be an honor" to help McMahon out, even though The Donald doesn't know the man. So why would the world's most cold-hearted dealmaker lend a helping hand?    Read More