Economy

Home sales and the median price of homes mostly rose on the Big Island and Kauai in August, according to local real estate agent trade association data.

The proposal by Reps. Jeb Hensarling and John Delaney is a sign that a bipartisan consensus is building on how to move on from Fannie and Freddie.

Freddie Mac is promoting Executive Vice President David Brickman to president and will consider him among possible candidates to be the agency's next CEO after Don Layton retires next year.

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.

The Treasury Department and a key housing regulator are preparing to fill a second possible vacancy atop a U.S.-controlled mortgage giant, a move that could strengthen the Trump administration's hand in addressing unfinished business from the 2008 credit crisis.

The Federal Housing Administration is providing a new waiver that gives mortgage companies the ability to start inspecting properties affected by Kilauea Volcano lava flows in Hawaii.

Delinquencies for loans securing commercial mortgage-backed securities continued to decline, although they are still well above rates for other types of investors, according to the Mortgage Bankers Association.

The local real estate market had a summer as hot and record-breaking as Savannah's temperatures with more than 1,500 homes selling across Bryan, Chatham and Effingham counties during June and July.

Maybe political winds or another downturn will spark housing finance reform. But 10 years after the conservatorships began, the companies are still in perpetual limbo.

Tax foreclosure filings in Philadelphia have skyrocketed 1,200% since 2010, so the city is promoting its homestead exemption to keep people in their homes.

U.S. construction companies are grappling with a widespread labor shortage that is exacerbating the cost of housing and other buildings, according to a new survey.

With spring homebuying in bloom, the second quarter brought profits to independent mortgage bankers after going negative for the second time ever, according to the Mortgage Bankers Association.

A heavily challenged ballot measure in a Denver suburb that aims to place strict limits on new residential construction got a breath of a life from a judge this week, but not in time for it to be placed on the Nov. 6 ballot.

A 75-year-old Florida real estate developer was sentenced to six months in prison after admitting he lied to banks to keep money flowing so he wasn't forced to scuttle an oceanfront hotel and condominium in Vero Beach.

Contracts to buy previously owned U.S. homes unexpectedly declined in July, signaling that buyers are balking at higher prices and a lack of choices in some regions, according to the National Association of Realtors.

Sales of single-family homes in Maine showed strong gains in both their prices and the number sold in July, according to data by Maine Listings.

The Congressional Budget Office has found that restructuring the mortgage market would save the government billions of dollars but may increase the cost of housing.

Seattle is building housing like never before, while housing growth has slowed significantly in the suburbs.

Intensifying margin pressure could spur another wave of cost-cutting at nonbank mortgage lenders, unless other strategies, like consolidation or a mortgage servicing book that could increase in value, offset it.

Almost $50 billion. That's how much Spokane County, Wash., is worth, according to this year's property assessments, up $4.1 billion over last year.