Economy

The median price for a single-family home in Marin County, Calif., is more than $1.3 million and at that price only 17% of Marin households can afford to buy.

Home prices increased 6.6% in the second quarter from a year earlier as buyers competed for a shrinking supply of listings.

The nonbank lender and servicer's long-awaited rebrand comes along with wholesale changes across its entire operation to better emphasize the customer experience.

Cash deals are by no means dead, but they aren't dominating the South Florida housing market the way they once did.

California's high housing costs are driving poor and middle income people out of their housing like never before. While some are fleeing coastal areas for cheaper living inland, others are leaving the state altogether.

Though potential homeownership demand declined moderately between 2015 and 2016, the underlying fundamentals for demand remained positive.

Freddie Mac has gotten the green light for its appraisal alternative for purchase loans, and has released information about how similar automated collateral evaluations for refinances have performed.

The USDA recently announced its rural housing program, which has been around for decades, would increase the amount buyers can borrow, a sign of rising housing costs across the nation.

After a strong sales bump in June, the Sonoma County, Calif., housing market declined in July to the slowest pace of sales in seven years.

The number of U.S. properties that were equity rich in the second quarter grew by 1.6 million properties from a year ago.

The Home Affordable Refinance Program will now expire on Dec. 31, 2018, the FHFA said.

Walter Investment Management Corp. is in danger of having its stock delisted from the New York Stock Exchange as its average market capitalization remains below required minimums.

Affordability issues along with a lack of knowledge about home buying are holding millennials back from pursuing homeownership, according to a survey from loanDepot.

Canada’s benchmark home price fell by the most in nearly a decade last month as Toronto led a fourth straight decline in sales.

Western Bancorp, a wholesale mortgage originator, was acquired by Eli Global, a privately held investment company. Terms of the deal were not disclosed.

Maui's housing market in July had fewer sales but at higher prices, according to the Realtors Association of Maui.

Housing starts faltered in July on an abrupt slowdown in apartment construction and a modest decline in single-family homebuilding that shows the industry will do little to spur the economy.

Duke, currently vice chairman, was rumored to be a likely contender for the chairman spot last week.

Sentiment among American homebuilders unexpectedly increased to a three-month high as builders saw greater prospects for industry demand despite elevated material costs and shortages of labor and lots.

Home prices and sales in the core Orlando market were down in July from the month before during what is usually the peak summer buying season.