Economy

As Californians reel from sky-high rents and home prices fueled by the economic boom, state lawmakers return Monday from their summer recess to debate proposals attacking the housing crisis.

Home price appreciation slowed throughout 64% of the U.S., a boon to affordability, according to Black Knight's most recent three-month figures.

Hundreds of families displaced by Northern California's fires could face another challenge to rebuilding their homes — a persistent shortage of construction workers.

Vancouver real estate agents haven't had this lousy a July in almost two decades.

Toronto's housing market showed signs of continued stabilization as sales surged amid a decline in benchmark prices.

In yet another milestone, the Sonoma County, Calif., median home price broke through the $700,000 mark.

Employment by nondepository mortgage companies in June increased for the third consecutive month as seasonal hiring continued even though home resales inched down another notch.

Local homebuilding remained on a hot streak as through the first seven months of this year, single-family permits totaled 2,500 or 22% higher than the same period in 2017.

Fannie Mae’s treatment of a reperforming loan package helped drive up earnings by almost 41% to $4.5 billion, delivering a stronger dividend to Treasury ahead of a leadership change.

Houston home prices continued to climb in July, rising to an average of $314,775, but fell $1,688 shy of the all-time record set in June.

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.