Negative equity is playing a critical role in the reduction of job mobility and emergency funds for homeowners. This phenomenon is estimated to effect more than 7 million homeowners.

Like salt to an open wound the prevailing rules related to property taxes may actually find homeowners paying more in taxes in 2009 than they did in 2008. This comes on the heels of steep declines in property values.

Many agree than the financial crisis is going to get worse before it gets better; unfortunately, this is hurting the already-floundering real estate market.

If you’re one of the many Americans facing foreclosure, an announcement made by Bank of America this week could well allow you to stay in your home.

CNNMoney.com recently reported that housing prices in America have fallen an average of 16.3% in the past year and 21% since mid 2006. The freefall may not be over.

If you bought a house in the last five years you'’re probably wondering how much your house is worth today. You’'re also wondering if the situation will get any better soon.

It seems as if the US housing sector has had a strong bout with bad news since the sub prime debacle of 2007. Each month consumers and homebuilders are faced with mounting pressure.

The Federal Home Loan Mortgage Corporation, better known as Freddie Mac, revealed on September 4th that mortgage rates had dropped for the third week in a row

As a sign of the real estate market’s continuing troubles, the number of homes that construction was begun on in July 2008 dropped an additional 11% from the previous month.

Many homeowners and financial consultants have been trying to reassure themselves that the worst is now over in terms of the mortgage crisis that has been ripping through the United States.