First-time home buyer

Existing home sales topped an almost four-year high in July. So what should you expect to encounter as a first-time home buyer?

President Obama will be in Phoenix today, continuing his national tour focusing on the economy. The president is promoting home ownership for the middle class. But there is tension between Obama's message and the reality for many first-time buyers.

Nearly 1,300 prison inmates across the nation swindled the government out of $9.1 million in tax credits reserved for first-time homebuyers,...