U.S. Economy: Existing Home Sales Hover Near Four-Month Average; Prices Increase

April 23 (Bloomberg) -- Sales of existing U.S. homes in March stayed near a four-month average, and prices rose from February, a sign the housing recession has stopped getting worse.

U.S. MONTHLY HOUSE PRICE INDEX ESTIMATES 0.7 PERCENT PRICE INCREASE FROM JANUARY TO FEBRUARY

WASHINGTON, DC – U.S. home prices rose 0.7 percent on a seasonally-adjusted basis
from January to February, according to the Federal Housing Finance Agency’s monthly
House Price Index.

Home Prices Drop 6.5% in February as Mortgage Rates Fuel Demand

April 22 (Bloomberg) -- U.S. home prices fell 6.5 percent in February from a year earlier, the second-smallest drop in six months...

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DJ CME Lumber Review: Ends Mixed In Fund Spreading

The May contract settled $0.70 per 1,000 board feet lower at $173.00, while July ended $2.90, or 1.55%, lower at $183.70. The September contract was up $1.00 at $195.50

Report: U.S. housing market undervalued

All eyes will be on Florida and other markets that saw the biggest housing bust for signs of stability and growth

Housing Data Could Signal If Bust Is Over

Home sales will likely hit a bottom first -- and may have already done so. Data on existing home sales in March is scheduled to come out Thursday and new home sales on Friday.

Housing index posts biggest jump in 5 years

The National Association of Home Builders says its housing market index posted its biggest one-month jump in five years in April as many homebuyers seized on lower prices and incentives.

Obama urges refinancing as housing measures roll out

WASHINGTON (Reuters) - U.S. President Barack Obama encouraged Americans on Thursday to take advantage of historically low mortgage rates and said his administration was rolling out further phases of its plan to address the housing crisis.

Wells Fargo: Is This The Play On The Real Estate Recovery?

Wells Fargo's big upside earnings surprise has got everyone dissecting what is exactly is going on here; most agree it is a real estate recovery story, at least for the moment.

DEALWATCH: Pulte Puts Cash On The Line With Housing Bet

With its surprise Wednesday that it plans to acquire rival Centex Corp. (CTX), Pulte Homes Inc. (PHM) has made a big bet on a U.S. housing market recovery...

CME Lumber Review: Ends Firm After Very Light Session

The May contract settled $1.70 higher at $185.70, while July ended $3.70, or 1.96%, higher at $192.70. The September contract was up $1 at $201.00.

Signs of life emerging in housing sector

MSNBC - 4/7/2009 - Sales are picking up in some of the nation’s hardest-hit regions

Help available for purchase of foreclosed homes

The Georgia Dream-Neighborhood Stabilization Purchase Program will provide $14,000 to each eligible borrower purchasing foreclosed properties in the state’s areas of greatest need. The 15-month program begins tomorrow, April 1st. All program funds must be disbursed by June 30, 2010.

Georgia Dream NSP Program

The program provides $14,000 to eligible borrowers purchasing foreclosed properties in eligible areas. Funds are disbursed in the form of a second mortgage lien with no interest and no monthly payments. The lien is released over a period of five years and six months.

Georgia Dream NSP Program

The program provides $14,000 to eligible borrowers purchasing foreclosed properties in eligible areas. Funds are disbursed in the form of a second mortgage lien with no interest and no monthly payments. The lien is released over a period of five years and six months.

Pending home sales up in sign of life for housing

Thanks to historically low mortgage rates and deeply discounted prices, homes in much of the country are now the most affordable in decades. First-time homebuyers are now able to take advantage of a new $8,000 tax credit that runs until Dec. 1.

One in Five Americans Plan to Buy a Home Despite Economic Conditions

Despite today's challenging market conditions, 18.1% of adults plan to buy a home this year in order to take advantage of the $8,000 tax credit recently passed by Congress in the administration's economic stimulus package.

U.S. home price drops set records in Jan.

The Standard & Poor’s/Case-Shiller index of home prices in 20 major cities tumbled by a record 19 percent from January 2008. It was the largest decline since the index started in 2000. The 10-city index dropped 19.4 percent, also a new record.

DJ CME Lumber Review: Ends Narrowly Mixed After Spread-Trading

Commodity fund-style traders were rolling long positions out of the May contract and into the July, and locals and commission houses were there to take the other side of such spreads, brokers said.