Low mortgage rates, high demand and a shortage of entry-level homes have pushed Orange County, Calif., house and condo prices back to the June 2007 peak of the housing boom.
Though the pace of homes sold in the Toledo, Ohio, area slowed in April, prices continued to rise, according to a report by the Toledo Regional Association of Realtors.
May 20, 2016
New York luxury-condo builder Extell Development Co. says its taking longer than expected to obtain construction financing for its One Manhattan Square project as lenders pull back from the market.
Listings for new homes fell 1.1% in April, the first year-over-year drop since August 2014, according to the real estate brokerage Redfin.
Now that it has the green light to expand its role in multifamily housing, Freddie Mac is looking at more ways to shift the credit risk on apartment building mortgages that it insures.
May 20, 2016
Sales of previously owned homes increased in April to a three-month high, led by a surge in the Midwest and indicating further improvement in the housing market during the busy spring-selling season.
Mortgage professional hiring and new job appointments for the week ending May 20.
Compressed inventory and lackluster homebuyer sentiment thanks to tight credit availability has hindered the housing market from performing at its full potential in April, according to First American Financial Corp.
The Austin five-county area saw a 5.1% increase in home sales in April, with the median sales price of those homes rising 6.5%, the Austin Board of Realtors said.
An $80 a month rent increase, along with the gnawing feeling that they were already paying too much for their West Loop apartment, prompted Melissa Wilkes and Bobby Razo to start looking for a less expensive place before signing a new lease for July.
The New Orleans City Council could not agree Thursday on whether to better align a provision in the city's zoning ordinance with the city's master plan. The result was to kill a Bayou St. John neighborhood group's effort to curb high-density development in their area and certain other neighborhoods.
Presumptive Republican presidential nominee Donald Trump and Democratic presidential candidate Sen. Bernie Sanders have something in common besides their populist support and views on fair trade: Economists don't like them.
The Justice Department filed suit Thursday against Guild Mortgage, arguing the firm violated the False Claims Act by improperly originating and underwriting Federal Housing Administration loans.
The experience of updating systems and overhauling workflows that mortgage lenders gleaned from implementing the TILA-RESPA integrated disclosures could prove useful to portfolio lenders as they implement a similarly complex accounting rule for reporting credit losses.
May 19, 2016
Essent Group may have an opportunity to buy Radian Group, the rival mortgage insurer whose chief executive officer is stepping down.
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