Economy

The number of homes sold in Northeast Florida rose last month, and so did the price they sold for.

Senate Banking Committee Chairman Mike Crapo sounded optimistic Thursday about reaching a bipartisan deal for regulatory relief, but a hearing once again emphasized the gulf between what lawmakers are likely to pass and what the industry is seeking.

An Ames family will finally be able to call themselves homeowners, thanks to Habitat for Humanity of Central Iowa and a $50,000 grant from the Iowa Finance Authority Board of Directors.

Freddie Mac has priced its first credit-risk transfer securities backed in part by tax-exempt loans used to finance affordable multifamily rental properties.

New home purchase application activity bounced back in May as sales of these properties increased by 5.6% compared with April.

LendingTree has added property valuation data to its My LendingTree site, showing consumers how much equity in their home they can tap.

Wintrust Mortgage has committed to funding $40 million in below-market fixed interest-rate loans in the Chicago area through a partnership with Habitat for Humanity.

The average Chicago property tax bill is going up about 10% this year following City Hall and Chicago Public Schools tax hikes to pay for police, fire and teacher pensions.

Houston-area homebuyers snapped up a record number of houses in May and drove the region's median sales price to unprecedented levels.

The gap between what homeowners believe their home is worth and what the actual value widened for the sixth consecutive month in May, according to Quicken Loans.

New entrants in mortgage servicing are rethinking how business is done, creating more division between holders of mortgage servicing rights and the entities that actually manage loans.

Home sales and prices in the Baltimore area continued to climb in May, as buyers vied for properties in a market with historically low inventory.

Following the lead of other California cities, Mayor Eric Garcetti two years ago proposed charging a fee on construction and using those funds to build affordable housing in Los Angeles.

Median prices for single-family houses and condominiums on Maui increased by double-digit percentages in May as low inventory prompted buyers to snap up properties at a rapid pace.

The parent of Howard Hanna Real Estate Services said it had acquired 1st Priority Mortgage Inc. and Nothnagle Home Securities, completing the last stage of its purchases of RealtyUSA and Nothnagle Realtors.

North Texas home prices are still on a hot streak.

Celebrated by cable TV shows and touted by get-rich-quick gurus, home flipping is coming back with a vengeance across the U.S.

JPMorgan Chase & Co. has agreed to provide Harry Macklowe with an $850 million loan to construct a luxury-condo tower at New York's One Wall Street.

A report quietly released by the Treasury Department says there is “clear evidence” that a program President Trump wants to cut helps recipients provide financial services to the most underserved communities.

Pittsburgh is considering offering bigger tax breaks for developers building affordable housing or creating businesses in depressed neighborhoods, but critics say the revamped abatement programs won't do enough to address a low-income housing shortage.