Economy

The lack of knowledge around the home purchase process was cited by 39% of mortgage executives as the leading barrier keeping potential first-time buyers from entering the market.

The time needed to close a mortgage improved nine days since the start of the year as the market has shifted to doing more purchase loans.

Consumers already apprehensive about affordable housing in South Florida will take little comfort in the latest price increases for existing single-family homes.

A yearlong battle in San Francisco City Hall ended Wednesday night when two factions on the Board of Supervisors reached a compromise on how much affordable housing to require in new market-rate developments.

Want a home loan these days? Increasingly, your credit needs to be almost perfect.

Central Texas home sales rose just over 3% in April and the median price of those sales hit $305,000 — the second-highest level ever.

San Mateo County, Calif., officials opted to spend $43.75 million over the next two years to boost the number of housing units geared at working families.

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.