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June 07--Prices for existing homes sold in Southern Nevada are approaching record levels, according to a monthly report from the Greater Las Vegas Association of Realtors.

The median price for a single-family home in Santa Cruz County, Calif., remains breathtakingly high: $905,000 in April, according to Gary Gangnes of Real Options Realty.

Mortgage industry hiring and new job appointments for the week ending June 8.

More than half of the country's top housing markets are considered overvalued. Here's a look at the 12 cities where this trend is the most severe.

All five – Plaza West Covina Mall (Calif.), Franklin Park Mall (Ohio), Parkway Plaza (Calif.), Capital Mall (Wash.), and Great Northern Mall (Ohio) – were built in the 1970s and have JCPenney or Sears as a major tenant.

Continued optimism in the sell side of the real estate market outweighed the growing negative perception on the buy side, as consumer sentiment about purchasing a home reached a new high, according to Fannie Mae.

Despite gross home flipping profits hitting an all-time high in the first quarter, the average return on investment neared a three-year low, according to Attom Data Solutions.

Mortgage rates dipped for the second consecutive week although 10-year Treasury yields started to rise again, according to Freddie Mac.

Robert Broeksmit, a career mortgage industry executive, will succeed David Stevens as the president and CEO of the Mortgage Bankers Association.

Two Orange County, Calif., men were to federal prison for their part in a mortgage scheme that led to the fraudulent purchase of more then 100 condominium units and $10 million in losses.