RealtyTrac: Home repossessions declined in June

LOS ANGELES Fewer U.S. homes entered a foreclosure routine or were repossessed by banks in June, a latest pointer that a republic is jolt off a housing bust hangover. Lenders instituted a foreclosure routine on 57,286 homes final month, a lowest turn for any month in 7 1/2 years, foreclosure register organisation RealtyTrac Inc. pronounced […]

New home prices hold record high

Finishing touches are being put on new homes underneath construction final month in Carlsbad, Calif.(Photo: Lenny Ignelzi AP) Sales of new homes rose in Apr to a second top spin given a summer of 2008 while a median cost for a new home strike a record high, serve signs that housing is recovering. New-home sales […]