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Toronto's housing market kept its footing August as sales gained while prices were little changed, continuing to stabilize after a turbulent year.

The typical homeowner spends 17.5% of their income on monthly mortgage payments, according to Zillow's second quarter affordability report.

Mortgage rates inched higher for the second straight week and further increases are likely in the near term, according to Freddie Mac.

More flip-and-fix property buyers seek financing for their purchases as fewer distressed homes come on the market and sales margins narrow, said Attom Data Solutions.

The dollar volume of private-label residential mortgage-backed securities issuance this year is the highest it has been since the Great Recession, despite a decline in new originations.

Housing construction in the Twin Cities increased slightly last month, with most of the gain coming from a hefty increase in apartment construction.

Sacramento's once hot housing market continued its cooling trend in July, with median prices dipping slightly in five of the six local counties.

As the demand for home rentals continues to rise, regulatory burdens could decrease the multifamily housing supply and drive up costs, witnesses said at a congressional hearing.

After home prices soared due to a lack of inventory and a recovering economy, three-quarters of experts believe the shift to a buyer's housing market should come in two years.

Nearly half of July's millennial homebuyers were single, a sign that they are not waiting for certain milestones like marriage before deciding to become homeowners, according to Ellie Mae.