housing

Home prices have been falling in Jersey for the past 8 months, but new data indicates home sales in the Garden state have taken off like a rocket since the beginning of the year.

It's not good news for home prices in New Jersey through most of 2012. Economists predict a downward trend, mostly due to foreclosures.

President Obama wants to make it easier for millions of additional homeowners to refinance their mortgages - so they can take advantage of lower interest rates - even if their houses are "underwater" - where they owe more than their homes are worth.

New Jerseyans are carrying a lot of heavy mortgage debt. But they seem to be coping with most of that burden.

Foreclosures nationwide are on the retreat. In New Jersey last year foreclosure filings fell by 73%.

It was a lackluster 2011 for home builders in New Jersey, but modest improvement is expected this year.

With high unemployment and home foreclosures rising, more people are giving up the dream of owning a home -- instead opting to rent.

The housing market is slowing improving in New Jersey, but foreclosures could ruin the celebration.

RealtyTrac, the leading online marketplace for foreclosure properties, released its U.S. Foreclosure Market Report today for November 2011.

Despite some small gains over the spring and summer, U.S. home prices are falling again in most major cities. The Standard and Poor's/Case-Shiller Index showed prices dropped in September from August in 17 of the 20 cities tracked, marking the first decline after five straight months where at least half of the cities in the survey showed monthly gains.