Index of 20 U.S. cities shows 18.2% annual drop, to the lowest levels since 2004.
NEW YORK (CNNMoney.com) — An index of home prices in 20 major metropolitan areas fell at a record annual pace in November, to levels not seen since 2004, according to a report released Tuesday.
The S&P Case-Shiller Home Price Index, a sampling [...]

NEW YORK (CNNMoney.com) — The number of existing homes sold in December rose 6.5% from the previous month, according to a housing industry report released Monday.
The National Association of Realtors said that home sales increased to a seasonally-adjusted, annualized rate of 4.74 million units. That’s up from a revised 4.45 million units sold in November [...]

Per CNN Money:
Banks are moving slowly to list repossessed homes for sale, which could mean that housing inventory is even more bloated than current statistics indicate.
 
NEW YORK (CNNMoney.com) — Housing might be in worse shape than we think.
There is probably even more excess housing inventory gumming up the market than current statistics indicate, thanks to [...]

The mortgage agency’s weekly rate survey showed the national average on the 30-year fixed-rate mortgage at 5.14%, up from 5.05% a week ago and up from its year-ago average of 5.10%.  The 15-year loan, a popular refinancing choice, jumped to 4.54% from 4.45% a week ago. A year ago, the 15-year loan was at 4.83%.
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