Watergate Hotel goes unsold at auction

The Watergate Hotel, part of the complex made famous by a presidential scandal, has failed to attract any bids at auction and has been taken back by the lender that holds the $40 million note on it.

Low-priced foreclosures incite bidding wars

Each time Lance and Kelli Thorson thought they had found their first home, someone would outbid them. It’s already happened at least 15 times.

Subprime brokers mutate into loan fixers
Many of the same people who dispensed risky mortgages during the real estate bubble have reconstituted themselves into a new industry focused on selling loan modifications.

Trying to Sell Your Home but Have an Ant Problem?
When you put your home on the market, you want buyers strolling in but sometimes, during the hot weather, you find the ants come marching in too and that certainly doesn’t help a potential sale.

Senators allegedly told of Countrywide favors

Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts according to secret testimony.

Buying is now cost-effective for some renters

For Aaron Carter, a musician who was struggling to fit a drum set, a piano and three guitars into his 600-square-foot apartment in Phoenix, the math on owning a home finally began to work in his favor.

Mortgage rates rise for second-straight week

Rates for 30-year mortgages rose for the second-straight week, Freddie Mac said. The average rate for a 30-year fixed mortgage was 5.25 percent this week, up from 5.2 percent last week.

Homebuilder sentiment highest since Sept.
The National Association of Home Builders says its market index climbed in to the highest level in nearly a year, as low interest rates and other incentives helped builders.