Read full story for latest details. Latest home prices The median price for a single-family home sold during the three months ended June 30 fell to $223,800, 1.5 percent below the price a year ago. Massive Motown foreclosure auction Nearly 700 homes in the Detroit area will be auctioned on Sept. 21 through [...]

Refi rescue
Hundreds of thousands of homeowners who may struggle to make mortgage payments are likely to get some relief in coming months, including more options to refinance into lower-cost, fixed-rate loans and tax relief if they do face foreclosure. mortgage Applications See DeclineThe mortgage Bankers Association announced this morning that applications for mortgage loans slipped [...]

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Buying and Selling a home From Your Computer
Web site RealUmbrella plans to launch a new service next week that will allow buyers and sellers to complete an entire home-sale transaction online without the help of a real-estate agent.

Bush Wants to Expand mortgage Disclosures
The White House is readying a plan that would help borrowers better understand the costs and fees associated with buying a home. The twist: It proposed and shelved a similar idea three years ago.

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