Economy

While affordability remains a top challenge for homebuyers, rental costs are also soaring, which could bring even more house hunters to the market.

Vancouver's housing market showed continued signs of weakness in June, as affordability worries curb demand from buyers.

Despite recent industry consolidation, demand from seasonal homebuyers spurred hiring among nonbank mortgage companies for the second consecutive month in May.

Of the 5,500 housing-unit building permits issued by the city between 2015 and 2017, only 98 were for apartments or houses that people with salaries in the minimum wage range or a little higher could afford.

Columbus, Ohio, had the nation's second-hottest real estate market during June, topped only by Midland, Texas, according to Realtor.com.

Toronto home sales jumped the most in more than a decade last month, a sign that Canada's biggest housing market is rebounding from the chill brought on by tighter lending regulations and higher borrowing costs in the past few months.

Homebuilders in the Twin Cities are having their best summer in more than a decade as permits to build single-family houses outpaced last year for the second month in a row.

Mortgage rates maintained their recent slide and have now declined in five of the past six weeks, according to Freddie Mac.

Housing demand is high, but few homeowners are interested in selling and the resulting inventory shortage continues to drive home prices higher.

Manhattan homebuyers are getting bolder these days, demanding bargains or walking away from deals in a market where inventory is swelling.

Freddie Mac will make automation it has been testing in conjunction with servicing-released cash sales available to the broader market next month.

With better-than-expected performance of the underlying mortgages, Fitch Ratings cut its loss projections for seasoned government-sponsored enterprise credit risk transfer deals.

Fannie Mae and Freddie Mac enjoy considerable advantages because of their lower cost of capital and significant government subsidies. But with some conforming loans, the private market is finding a way to compete.

Real estate sales in the state of Oklahoma are a mixed bag when comparing statistics from to 2018.

Commercial and multifamily mortgage debt outstanding grew $44.3 billion during the first three months of 2018, the largest first-quarter gain since before the Great Recession, according to the Mortgage Bankers Association.

The number of nonbank lenders and servicers that did not comply with the California Residential Mortgage Lending Act Annual Report requirements grew this year, prompting a reprimand and warning of penalties from the commissioner of the state's Department of Business Oversight.

At least 38 projects totaling 3,337 units were proposed statewide in 2017, which is far more than the five projects totaling 391 units proposed in 2010, the basement of the Great Recession.

Lawmakers want the agency to utilize two programs to help families still struggling to recover from the aftermath of Hurricane Maria.

The shareholders of Nationstar Mortgage Holdings and WMIH Corp. each voted to approve a $1.9 billion acquisition plan that will see the parent company of nonbank lender and servicer Mr. Cooper combine with the successor to S&L and subprime mortgage lender Washington Mutual.

The Senate's farm bill would prevent the July 31 lapse of the National Flood Insurance Program, but it still needs to be debated in conference with the House.