As Fortune predicted last year, a robust recovery in home prices is under way.
FORTUNE -- In spring 2011 this writer penned a controversial cover story titled "The Return of Real Estate" that predicted a strong rebound in housing. At the time, prices and sales were still tumbling, and the prevailing view among economists and pundits was that the slide would drag on and on. But Fortune's contrarian forecast proved right. MOREShawn Tully, senior editor-at-large - Oct 18, 2012 5:00 AM ET
Wall Street and consumer advocates, surprisingly, roll out the welcome mat.
FORTUNE --The Federal Reserve's recent decision to buy mortgage bonds until the economy recovers has made home lending more attractive than it has been in years. The spread between what it costs to fund a mortgage loan and what borrowers actually pay is nearly three times as large as usual. So it's perhaps no surprise that one of the first MOREStephen Gandel, senior editor - Oct 2, 2012 6:00 AM ET
The bank is trying to dump loans and claim it's helping borrowers at the same time.
FORTUNE -- Citigroup is getting into the rental business, at least it says it is.
On Wednesday, the bank launched a program to rent out 500 homes to homeowners who are having trouble paying their mortgage, rather than put the loans in foreclosure and kick the owners out. Homeowner advocacy groups and liberal economists have been MOREStephen Gandel, senior editor - Aug 10, 2012 5:00 AM ET
It wasn't that long ago when it seemed foreign buyers were propping up the U.S. housing market. Just as fast, they're leaving.
FORTUNE – During the past few years, the world's uber rich had helped drive what little bright spots there were across America's housing market. From Canada to Australia to China and elsewhere, foreign buyers saw worthwhile investments in U.S. homes as prices plummeted to record lows.
U.S. investors and policymakers MORENin-Hai Tseng, Writer - Jul 24, 2012 10:20 AM ET
All of a sudden, it seems, everyone on Wall Street wants a foreclosed home.
FORTUNE --Your house might be a better investment than you think. At least Wall Street seems to think so.
For a while now the conventional wisdom on real estate has been that while home prices might not fall much more, they aren't likely to go up anytime soon either. The best personal finance advice, then, when it came MOREStephen Gandel, senior editor - Jul 24, 2012 5:00 AM ET
Faced with a looming real estate bubble in their home country, speculators from China are turning to Middle America.
By Graham Webster, contributor
FORTUNE -- In March 2011, Chinese investors paid $2.15 million cash for a restaurant complex on the Maumee River in Toledo, Ohio. Soon they put down another $3.8 million on 69 acres of newly decontaminated land in the city's Marina District, promising to invest $200 million in a MOREJun 20, 2012 8:45 AM ET
Warren Buffett says "hormones" will save the housing market. But this time he's not saying exactly when.
FORTUNE -- In his annual letter to Berkshire Hathaway (BRKA) shareholders, which was released on Saturday, Buffett says he still believes a real estate recovery is on the horizon. Yet, the Oracle of Omaha admits that on housing his crystal ball has been cloudy. Last year, Buffett said the real estate market would recover MOREStephen Gandel, senior editor - Feb 25, 2012 8:00 AM ET
The numbers are grim: China's property bubble is heading for a spectacular burst, and its effect on the country's economy will be widespread.
FORTUNE -- The Chinese government's announcement last week that growth for 2011 slowed only slightly to a still impressive 9.2% was greeted enthusiastically by the world's stock markets. Investors also remain buoyant on China's future. They appear to be buying the official line that the gigantic property price bubble MOREShawn Tully, senior editor-at-large - Jan 23, 2012 5:00 AM ET
There's no way the U.S. can get back on track without a cure for what's killing real estate.
By John Cassidy, contributor
FORTUNE -- Is this a great country or what? At the start of last year, a friend of mine, the proprietor of a small business that has suffered badly in the recession, entered a trial mortgage-modification program. A few months later the bank told him that his application for a government-assisted MOREOct 3, 2011 5:00 AM ET
Lenders could write down mortgages in exchange for claims on future appreciation – potentially making it a win not only for homeowners but also for lenders and investors.
FORTUNE -- Next week President Obama is slated to make a highly anticipated speech about jobs. Given that falling home prices have continued to strain consumers and the overall economy, many hope his speech will include an aggressive plan to strengthen the housing MORENin-Hai Tseng, Writer - Sep 1, 2011 11:18 AM ET
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