First time home buyers

For the first time ever, the median King County, Wash., home price has grown more than $100,000 in just a year, a new grim milestone for buyers already dealing with the hottest housing market in the country.

From funding sources to home prices, here's a look at five questions lenders must ask themselves before they can safely originate 1% down mortgages.

Housing construction in the Twin Cities metro rose nearly 17 percent in July, but most of that gain was apartments.

Garden State Home Loans has launched a 1% down payment program for first-time buyers, opening the door for millennial purchasers.

The cheapest housing markets aren't always the most affordable cities for first-time home buyers and existing homeowners. Here's a look at 12 cities with low home prices, but where other factors put a damper on purchasing power.

Home prices in South Florida increased 5.3% in May from a year ago, a sign that recent gains are moderating, a new report shows.

About 33% of millennials who purchased their first home say the desire to have a better space or yard for a dog influenced their decision to buy.

JPMorgan Chase’s home lending unit is trying to position itself as the solution for millennials who increasingly want to buy their first homes despite rising prices and other affordability hurdles.

Sales of existing homes grew less than 1% in June in Wisconsin and the United States, held back by a short supply of houses for sale.

Steady price gains in 20 U.S. cities in May indicate that a tight supply of properties paired with increased demand is boosting home values.

The momentum Chicago-area housing sales had earlier this year has faded.

Rather than working with large-scale investors, Freddie Mac said it will focus on assisting community organizations and local institutions to fund single-family properties for renters with special needs.

A slowdown in sales of previously owned homes shows how lean inventories are keeping prices elevated and limiting purchasing options.

Two reports this week are singing harmony about the metro Atlanta housing market: there are fewer homes sold, while the ones that are selling are going for higher prices.

Home sales — and prices — reached a new high in the Twin Cities area last month, but the dearth of listings continued and may soon put a brake on deals.

A builder promises to offer that rarest of products in Palm Beach County's real estate market — new single-family homes priced at less than $300,000.

To close gaps in volume caused by inventory shortages and help consumers get over the homeownership hump, lenders are offering mortgage programs and features like low down payments, bridge loans for home sellers and student loan refinancing. (Part two in a four-part series on the mortgage industry's response to the housing inventory shortage.)

As demand for new homes outpaces supply, it is essential for mortgage lenders to pursue strategies that stimulate inventory levels, such as supporting builders with construction financing and offering homebuyers single-close construction-to-permanent loans. (The first in a four-part series on the mortgage industry's response to the housing inventory shortage.)

Broker John Pasalis knew Canada’s hottest housing market was cooling but an email from desperate sellers showed him just how bad it was.

After five months of shopping for his first home, Greg Ridenour was tired of having his offers turned down.