Economy

Single-family home sales in Connecticut fell in June, though the median price climbed to a five-year high.

Fannie Mae and Freddie Mac remain in conservatorship nearly a decade after the financial crisis, and there’s still no end in sight.

Earlier this year the Legislature appropriated $200 million to help finance new affordable rental housing. Now a state-led panel advises that an additional $1 billion should follow over the next decade to further address Hawaii's shortage of affordable apartments.

Freddie Mac produced modest second-quarter results, reflecting a stabilizing business that CEO Donald Layton compared to a utility company.

The agency said multiple stakeholders had requested more time to evaluate the proposal.

Distance from work is a big part of the home buying decision, particularly since a quick commute often comes with higher home prices and less space. But the sweet spot in some cities is just 15 minutes away.

Homebuilding industry leaders are pledging to train more laborers as part of an executive order from President Trump, marking an important step forward for the residential construction sector.

The Pennsylvania Housing Finance Agency is switching to Black Knight's LoanSphere MSP to service the agency's $4.9 billion mortgage loan portfolio.

Contract signings to purchase previously owned homes rose for the first time in three months, indicating the housing market is stabilizing on the heels of a modest pickup in listings, lower taxes and a robust labor market.

Sacramento home sales have hit a summer slump as potential buyers back away from escalating prices and rising mortgage interest rates.

Homeownership levels reached their highest point since the third quarter of 2014, but some races saw their rates fall, according to the U.S. Census Bureau.

Politico reported Friday that the head of the Federal Housing Finance Agency is being accused by an employee of making inappropriate sexual advances.

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

Fannie Mae has issued securities supporting the transition away from the London interbank offered rate; something that could become more pressing for lenders if adjustable-rate mortgages were to become more prevalent.

The Marin, County, Calif., median home price jumped to $1.165 million in June, up 8.4% over the $1.075 million median price in June 2017.

International activity in the U.S. real estate market plummeted as foreign homebuyers are competing with domestic purchasers for a limited supply of homes, according to the National Association of Realtors.

Blackstone Group has made its first bet on manufactured housing by buying a portfolio of communities sold by Tricon Capital Group.

Although the number of sales slowed, Rhode Island's median house price for the second quarter, $280,000, was the highest quarterly price in 11 years.

Wells Fargo is considering a sale of commercial real estate broker Eastdil Secured, according to a person briefed on the matter.

Whoever succeeds current Director Mel Watt will have a front-and-center role in efforts to reform Fannie Mae and Freddie Mac.