Home prices nationwide dropped nearly 5 percent last year, but if you exclude distressed sales, prices dropped only by 0.9 percent, a new study from CoreLogic finds.
President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners.
Home prices posted a steep, month-over-month drop in November, falling 1.3%, according to the latest S&P/Case-Shiller 20-city report. Prices fell in 19 of the 20 cities the index covers.
The weather, architecturally speaking, continues to be cloudy in Spain. But in Madrid's Pozuelo de Alarcón suburb, the skies look clear from the offices of A-cero, an architecture studio that is bucking the trend by breaking the traditional mold.