Economy

Commercial real estate is their bread and butter, but many banks are scaling back in this vital loan category. Here’s why.

From lowering expectations about their ideal home to moving faster to close a deal, here's a look at five ways house hunters say they would react to average mortgage rates reaching 5%.

Greg Englesbe resigned as CEO of New Jersey lender E Mortgage Management after a jury awarded $3 million to a woman who accused Englesbe of injuring her when he grabbed and forcibly kissed her at a Philadelphia restaurant.

Dallas has landed on the list of U.S. cities seeing the biggest increase in home purchase contracts this year.

On his 1.5-acre lot near Kincaid Park in Anchorage, Chris Herman wanted to build a detached garage with an apartment on top, as a future home for his aging parents.

The son of a Lake Worth, Fla., man arrested this month in an alleged rent-fraud scam is wanted for acting as an accomplice in the crime, the Palm Beach County Sheriff's Office said.

Fannie Mae and Freddie Mac are making condominium loans eligible for automated appraisal waivers that could reduce mortgage borrowers' fees and shorten closing times for lenders.

The good news for Miami homeowners: If you're thinking of selling your house, you're set to make a nice profit over your purchase price.

The Dallas housing market gets top marks in a new consumer study by JPMorgan Chase.

At a new luxury-condo building in Brooklyn, one buyer told broker Ryan Serhant that she'd like three apartments — one for herself to live in, and two as investments to rent out.

An index of contract signings to purchase previously owned homes unexpectedly declined for a second month in May, reflecting a persistent shortage of available homes.

The Trump administration's plan to end the conservatorship of Fannie Mae and Freddie Mac marked its first effort to solve a problem left over from the financial crisis, but ultimately raised more questions than it answered.

Total home sales are down in Rockford, Ill., but the average sale price has increased, Rockford Area Realtors reported.

Home prices in 20 U.S. cities continued to advance at a solid, albeit a touch slower, pace in April, reflecting lingering inventory shortages, according to S&P CoreLogic Case-Shiller data.

Americans selling homes in the nation's hottest market last year made enough to turn around and buy a place for cash — and still have spare change for a Tesla.

Home sales dipped in Ohio and across the nation last month, as prices climbed, mortgage rates inched up and would-be buyers were stymied by a persistent shortage of available properties.

Home sales in greater Hartford slowed in May — in the thick of the spring home buying season — and prices paid slipped, after three straight months of encouraging gains, a new report shows.

The Consumer Financial Protection Bureau has dropped its investigation into allegations that Zillow Group Inc. violated Section 8 of the Real Estate Settlement Procedures Act.

Meet the new housing finance reform plan, same as the old ones. While that gives it legs, it also presents big challenges.

Since the bottom of the housing market in 2012, home prices have increased 75% but wages have only increased 13%.