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Joel D'sa is a software engineer at Apigee.

Higher prices but fewer sales led to a roughly $20 million reduction in residential real estate sold on Maui last month, according to the Realtrs Association of Maui.

Canadian home sales activity continued to rebound last month, suggesting the nation's housing market is improving after a sluggish start to the year.

Completed foreclosures shot down 50% in May from the year before, with overall activity also declining by 22% during the same period, according to Attom Data Solutions.

Preston Kennedy is president and CEO of Zachary Bancshares Inc. in Zachary, La. He is a former chairman of the Independent Community Bankers of America.

Jeff Fucito, CPA, is Mauldin & Jenkins' partner-in-charge of the Atlanta office and serves as the advisory service practice leader. He received his BBA in Accounting from the University of Georgia in 1985 and has been with Mauldin & Jenkins since, specializing in providing audit and tax services for various not-for-profit organizations. His experience also includes audit, reimbursement, and tax experience with long-term care facilities and other health care entities, in addition to manufacturing and distribution entity services, income tax planning, income tax preparation and consultation for individuals and corporations.

Banks fear that more competition from nonbanks in commercial real estate will drive down pricing and lead to a relaxation of terms.

In cities across the country, the affordable housing situation spans a bleak spectrum. In light of this, the Mortgage Bankers Association launched an initiative to address the needs of underserved markets.

Quicken Loans claimed victory in its dispute with the Department of Housing and Urban Development over the False Claims Act, only paying the agency for losses incurred and interest.