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The Garden State ranks No.1 in solar installed per square mile. Other states among the top five were California, Colorado, Nevada and Arizona.

New homebuyer credit can give you up to $8,000 bonus.

Welcome to the bottom: Housing begins slow rebound.

Sales of previously occupied homes rose for the third month in a row in June, the National Association of Realtors reported. That hasn't happened since early 2004, during the boom.

A bit of good news in real estate.

The housing crisis has a silver lining: It brought tax relief to many homeowners.

The Obama administration kicked off a new program Wednesday that's designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments.

And you thought 5 percent was a good rate? After already bringing mortgage rates down near 50-year lows, Fed Chief Ben Bernanke unleashed a surprise attack on the housing slump Wednesday by announcing aggressive steps that should make home loans even more attractive.

Home prices are heading down lower, according to this forecaster, Fiserv.
Cities like Miami, Orlando, Las Vegas, Phoenix, and Los Angeles will continue to be hard-hit areas.

Are we recovering? Or it's just an incomplete picture?

Surprising? Not really.

Thirty year fixed mortgage rate is around 5.6% now. It is one full point above the record low, but still a very low rate.

Some of the 3 to 4 million homeowners eligible for loan modifications could see interest rates as low as 2 percent under the Obama administration's new "Making Home Affordable" (MHA) initiative.

This East Hampton summer rental, where pop diva Mariah Carey and husband Nick Cannon stayed last summer, is under contract, according to Newsday.com. The home was listed $19.995 million when the newlyweds stayed there last summer, but dropped in price to $15.9 million. It is listed by Corcoran’s Gary DePersia. No word on the buyer’s identity.

In this tough economic time, you need to be aware of mortgage scam that get you into deeper trouble. Here are some advices for you.