Walter Molony

Homes Sell in Two Weeks With Low Supply for Spring Buyers

The U.S. housing market, entering its busiest season, is tipped so far in favor of sellers that almost a third of listings in areas from Washington, D.C., to Denver and Seattle are under contract in two weeks or less.

Sandy to Slow October Home Sales in the U.S. Northeast

Existing-home sales, a market indicator followed by economists and analysts, probably will slow in the U.S. Northeast for the rest of 2012 as superstorm Sandy disrupts deals, the National Association of Realtors said.

Cash-Paying Vultures Pick Bones of U.S. Housing Market as Mortgages Dry Up

Delavaco Properties LP plans to spend as much as $30 million this year and $40 million in 2012 to buy bank-owned houses and condominiums in foreclosure-ridden South Florida. The private-equity fund will pay cash.

Blackstone Sees Two-Year Window to Buy Houses: Mortgages

Investors buying foreclosed U.S. homes might have less than two years to accumulate properties as competition and rising prices shrink the pool of cheap assets, according to Blackstone Group LP, the largest buyer.

Revisions Will Show Fewer U.S. Existing Homes Purchased From 2007 to 2011

Fewer existing homes were sold since 2007 than previously estimated, painting an even bleaker picture of the industry that precipitated the U.S. recession, a report from the National Association of Realtors will show today.

Short Sales Surpass Foreclosures as Banks Agree to Deals

The number of U.S. home short sales surpassed foreclosure deals for the first time as banks became more agreeable to selling houses for less than the amount owed on their mortgages, according to Lender Processing Services Inc.

U.S. Existing-Home Sales Rise From Eight-Month Low: Economy

Sales of existing homes climbed in July from an eight-month low, showing the cheapest mortgage rates on record are underpinning a market struggling to join the U.S. economic recovery that began three years ago.

Obama Vows to Cut Lender Red Tape Stymieing Homeowner Borrowing: Mortgages

Anthony Andrade was forced to rent the San Antonio, Texas home he planned to buy after Bank of America Corp. approved a mortgage and then scuttled three closings over two months with last-minute document requests.

U.S. Home Values to Drop by $1.7 Trillion This Year, Zillow Says

U.S. home values are poised to drop by more than $1.7 trillion this year amid rising foreclosures and the expiration of homebuyer tax credits, said Zillow Inc., a closely held provider of home price data.

Greenwich’s Priciest Homes Languish With Four Years of Supply

It’s been more than 500 days since Stanley Cheslock put his 26,000-square-foot Greenwich, Connecticut, “ dream home ” on the market for $17.95 million.

"With rising sales and a sustained downtrend in housing inventory, we're projecting the median existing-home price to rise 6 percent this year and 5 percent in 2013, with comparable gains in 2014."

- Walter Molony on Nov 13, 2012

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Commuter Train Wreck Injures Dozens, Halts Amtrak Service

Chiesi Swaps Cell for Halfway House After Insider Scandal

Tesla’s Musk Channels Iacocca With Early U.S. Repayment