Lenders are stepping up efforts to clear out inventory even as initial defaults drop from last year.

Smaller, less customized homes are attracting cost-conscious buyers.

Short-sale fraud totals $310 million annually, with the average amount of fraud totaling $41,000 per transaction, according to CoreLogic.

The Department of Housing and Urban Development says that a Chicago couple refused to sell a home listed for $1.799 million to an African-American couple because of their race. Two practitioners were also named in the filing.

Despite record low interest rates, applications rose just 0.3 percent last week compared to the prior week, according to the Mortgage Bankers Association.

A broad stabilization in second-quarter metro area home prices was accompanied by strong sales.

Sticking with a standard homeowners policy when a property is unoccupied could leave owners vulnerable to liability suits.

DiggersList.com enables home remodelers to find and sell used construction materials, while supporting Habitat for Humanity.

On the heels of another disappointing jobs report, the Federal Reserve is expected to think about other approaches to bolster the economy.

Solutions for how to deal with Fannie and Freddie range from their total elimination to a government takeover.

The company will pay out a total of $8.7 million in a settlement over defective drywall.

A couple of benefits of a transition to paperless processes include decreased turnaround time and lower costs.

Manhattan real estate mogul and noted philanthropist Paul Milstein died yesterday.

The percent of listings on Zillow's Web site that had prices cut fell slightly from June to July. Median price reductions were also down.

High-end commercial real estate is starting to rebound with an increase in sales. Analysts expect the turnaround to eventually trickle into mid-range properties.

Zillow.com reports that the percentage of borrowers with mortgages in negative equity fell 1.8 percent from first to second quarter.

The city of Framingham, Mass., used federal funds to rehab foreclosed homes and plans to sell them through a housing lottery.

During a month when the market usually sees inventory declines, the nationwide housing inventory rose 2.6 percent in July, according to ZipRealty.

Fiserv, a credit technology firm, says that home prices will rise in key metro areas throughout the country over the next four years.

The ninth-largest commercial real estate lender in the country filed for an initial public offering with the Securities and Exchange Commission last week.