Economy

Workers across Washington and the Seattle area finally got a good pay hike last year, and yet it didn't amount to much compared with the state's soaring cost of housing, which led the nation last year.

United Wholesale Mortgage will vacate its offices in Troy, Mich. for a bigger headquarters building in Pontiac and relocate all 2,100 employees.

From the largest banks to the smallest independents, policymakers want to hear the mortgage industry speak with one voice in the critical efforts to reform the government-sponsored enterprises.

A proposed ordinance in one California city would require developers planning residential projects costing $100,000 or more to pay an affordable housing impact fee.

As competition drives home prices ever higher in the Bay Area, there is a whiff of good news for first-time homebuyers.

The Pine Tree Plaza in Sterling, Ill., will be auctioned online after a string of tenant departures put the property in foreclosure.

The proposed site in Danvers, Mass., of a Registry of Motor Vehicles office is scheduled to be sold in a foreclosure auction, casting doubt on when, or if, the registry will actually end up there.

Mortgage rates this week reached their lowest level so far in 2017, but are highly likely to increase over the next few days, according to Freddie Mac.

Here's a look at the 12 cities where the combination of prices and local wages offer homebuyers the best bang for the buck this house hunting season.

Seattle, Portland and Dallas are leading the country in home price gains since last spring with no slowdown in site.

All hair stylist Erin Bond wants is a decent two-bedroom condo in Orange County, preferably in Huntington Beach.

Seeking to stay below $50 billion, the regional is selling its origination and servicing businesses.

Mexico's decision to reduce imports of soybean meal, corn and chicken has put more pressure on certain farmers, while creating another situation for lenders to monitor.

Guarantors may be the most glaring omission in the glitzy city lifestyle captured by popular sitcoms.

Prices of single-family homes in Santa Cruz County, Calif., soared to new records in May as the number of sales shrank.

Sustained increases for home prices in 20 U.S. cities in April indicate the housing industry is juggling stable demand with a shortage of inventory.

It's taken a decade, an oil spill and a national recession, but now could be the time for those who've waited until conditions improved to sell their home or land in South Mississippi.

Demand for single-family homes in the Inland Empire has fueled the strongest building activity in nearly a decade, though experts say the recent spike is nowhere near the intensity and volume of the mid-2000s.

Mortgage lender credit standards eased during the second quarter as purchase volume was lower than expected and competition increased, according to the Fannie Mae Lender Sentiment Survey.

Canadian officials are working to slow a rapid rise in home prices that's being attributed to tight inventory levels in the country's largest cities and is threatening to create a housing bubble.