New York

It's been a rough year for Manhattan's home sellers, and they're not about to catch a break any time soon.

Ocwen Financial Corp. has gotten the go-ahead to acquire PHH Mortgage Corp., subject to revised New York restrictions on acquisitions of mortgage servicing rights, and other conditions imposed by the state.

The supply of single-family homes on the market continued to shrink in August and prices rose, the Greater Capital Association of Realtors reported.

New York City’s home sellers, tired of waiting for buyers, slashed prices on almost 800 listings in a single week this month, the most in at least 12 years.

While home sales are down across New York City during the second quarter of 2018, Staten Island is bucking this trend with an uptick in both sales and prices.

Sales of new and existing single-family homes in June fell 14% from a year earlier, the Greater Capital Association of Realtors reported.

Would-be homebuyers in New York's Hamptons are holding off on purchases as they wait for sellers to bring prices down.

With values on multifamily properties soaring, some building owners are using aggressive tactics to push out existing tenants to make room for higher-earning ones. That’s raising questions about whether their lenders are abetting this behavior.

Home prices slipped across Manhattan and Brooklyn last quarter, but rose in Queens, according to a new report.

Manhattan homebuyers are getting bolder these days, demanding bargains or walking away from deals in a market where inventory is swelling.

At a new luxury-condo building in Brooklyn, one buyer told broker Ryan Serhant that she'd like three apartments — one for herself to live in, and two as investments to rent out.

Credit reporting firms with significant operations in New York will face new cybersecurity and registration requirements to stave off concerns related to a breach of Equifax's systems last year.

Sales of new and existing homes in the Albany, N.Y., region fell 7% in May from year-earlier levels as real estate brokers blamed a lack of available homes for the decline.

The Buffalo Niagara, N.Y., housing market is getting even tighter.

Lori and Dwayne Bell of Derby, N.Y., have been scared out of their minds for almost 10 years.

While all cities show signs of healthy mortgage competition nationwide, some areas have higher concentrations of lender activity but also face varying degrees of competitiveness based on loan type, according to LendingTree.

There are almost 7 million coastal homes facing more than $1.6 trillion in potential storm-surge reconstruction expenses this year, representing a 6.6% cost increase from last year's hurricane season.

Although the Consumer Financial Protection Bureau is loosening certain mortgage rules, others such as restrictions on loan officer compensation and state-level regulation will likely persist, according to industry attorneys.

The Buffalo Niagara, N.Y., housing market stayed smoking hot in April as the spring home-buying season began.

Preferred Bank's experience with an apartment developer is a reminder of how important strict underwriting terms will be as loan demand increases, rates rise and lenders try to outdo each other.