Economy

Sales of single-family homes in Connecticut rose 2.4% compared to the same period a year earlier.

More than 300,000 South Floridians who lost their homes during the housing bust could be eligible to own again over the next eight years.

Hudson City Bancorp in Paramus, N.J., reported lower quarterly profitsas its loan book keeps shrinking.

The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don't call it subprime.

As the key spring homeselling season approaches, buyers are finding deals on new houses as builders focus on boosting revenue.

At a hearing Tuesday, GOP lawmakers hammered FHFA Director Mel Watt for four hours over his recent decisions to allow Fannie Mae and Freddie Mac to buy loans with lower downpayments and provide money to two affordable housing trust funds.

With conservatorship of Fannie Mae and Freddie Mac well into its seventh year, the government has now had control of the housing agencies longer than 47 members of the Senate have been office.

D.R. Horton, the nation's largest homebuilder, has found success in marketing new homes to the underserved niche of first-time buyers.

Homeowners associations seeking unpaid dues are seizing on a court decision allowing them to foreclose on properties ahead of banks, and the FHFA is litigating to defend Fannie and Freddie mortgages. Private lenders, meanwhile, are trying to keep the problem from spreading to more states.

Last year was a good year for residential real estate in the Pittsburgh region as a whole, but two of the hottest areas of the city for price appreciation and sales were Lawrenceville and East Liberty.

Home prices in Los Angeles and Orange counties climbed 5.1% in November from a year earlier, according to a leading gauge.

Almost 80% of the metro Milwaukee area's most-active real estate markets saw an increase in the average home price in 2014, and real estate analysts expect the trend to continue this year.

Auction.com is not expecting existing-home sales to massively increase in January compared to the previous month.

Purchases of new homes jumped in December to the highest level in more than six years, a sign the industry is poised to keep expanding in 2015.

Home prices in 20 U.S. cities rose at a slower pace in the year ended in November, a sign the industry struggled to find momentum even amid low mortgage rates.

CoreLogic Inc., the property-data firm spun off from First American Financial Corp., hired Frank Nothaft from Freddie Mac as its chief economist.

A California loan broker who defrauded investors of more than $17.4 million has been sentenced to five years in prison.

Over 50% of mortgage lenders said they plan to increase their marketing towards first-time homebuyers in 2015 to take advantage of changes in conforming and government lending programs.

In less than a decade, Seattle-based Zillow has become the nation's leading brand for homebuyer real estate information. It's become synonymous with looking up your home's value — or someone else's.

Metro Bancorp in Harrisburg, Pa., which has been under pressure from activist investors to sell itself, reported higher quarterly income largely because of increased real estate lending.