Economy

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone.

As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards.

U.S. Treasury Secretary Steven Mnuchin has taken pains to stress that the Trump administration isn't out to kill Americans' beloved mortgage-interest tax deduction — but a side effect of the plan could turn it into a perk for only the wealthy.

An El Paso real estate investment trust, run by some of city's most successful business people, faces new allegations of fraud in a failed housing venture just as another lawsuit against the trust has been dismissed by a federal judge.

Only 32% of California households could afford to purchase the $496,620 median-priced Golden State home in the first quarter of 2017, according to a report issued by the California Association of Realtors.

Unexpected declines in new-home construction and building permits in April indicate the market is off to a weak start this quarter.

To address an unintended consequence of the TILA-RESPA integrated disclosures, California regulators are making it easier for lenders to prove compliance with rules limiting interest charges on mortgage closings that take more than one day.

Existing home sales prices increased on an annual basis by the most in eight quarters as new listings failed to keep up with the surge in demand, the National Association of Realtors said.

There were fewer new home purchase loan applications in April, as year-over-year activity declined for the first time in 2017.

Mike and Elaine Morgan never envisioned moving from Butler Tarkington to a home just outside Sheridan, but that's where today's fast-paced housing market took them.

Orlando-area home sales and prices were down in April from March in a real estate market where limited inventory may have thwarted sales, according to a new report.

Construction lending could make a comeback if bankers persuade Congress to reform capital and other complicated rules on so-called high volatility CRE loans. But will regulators go for it?

Cities in the South are more affordable for first-time homebuyers because of less competition and lower prices, according to Zillow.

The former Bear Stearns headquarters building at 245 Park Avenue, a long-time home to cornerstone financial services tenants as well as Major League Baseball, is the sole property backing a new single-borrower $500 million commercial mortgage securitization.

The Ventura County, Calif., housing market is enjoying a strong start to the spring selling season, but a lack of midrange housing inventory remains an issue that is pushing prices higher.

Pending sales of existing detached homes in the Albuquerque metro area during April shot up 23% from a year ago.

FHFA Director Mel Watt warned Thursday that to prevent a potential draw on the Treasury Department by the government-sponsored enterprises, he is willing to act unilaterally to rebuild capital at Fannie and Freddie.

The Houston region saw more homes hit the market in April, boosting inventory and providing additional options to eager Houstonians.

A pair of real estate developers told a Greater New Haven Chamber of Commerce audience that they regard New Haven, Conn., as one of the most attractive places in the nation in which to do business.

The inspector general of the Federal Housing Finance Agency said the regulator should consider firing Fannie Mae CEO Timothy Mayopoulos for not properly disclosing he was dating a senior executive at a bank that does business with the mortgage-finance giant.