Housing

A popular misconception is that homeownership would decline if mortgage subsidies were done away with, but the truth is homeowners are better off without them.

Miami’s crop of new condo towers, built with big deposits from Latin American buyers and lots of marketing glitz, are opening with many owners heading for the exits.

The Inspector General for the Department of Housing and Urban Development is not backing down on his concerns about premium pricing associated with the down payment assistance programs by the Federal Housing Administration.

Contracts to purchase previously owned U.S. homes climbed in April by the most since October 2010, adding to signs that the industry’s busy selling season was off to a good start, according to data released Thursday by the National Association of Realtors.

The Department of Housing and Urban Development is telling lenders that down payment assistance programs still qualify for FHA backing despite concerns raised last year by HUD’s inspector general.

With the nominees likely clear for the Republican and Democratic presidential tickets, speculation has turned to whom Donald Trump and Hillary Clinton could pick as their running mates. A number of those names mentioned are key figures on financial policy. Following are some of the top possible picks.

U.S. home prices rose 5.7% in the first quarter from a year earlier as buyers competed for a limited supply of listings.

Home values rose 5% from a year earlier to a median of $187,000 in April, Zillow said Tuesday. That’s well above the 2% increase in home values the Seattle data company had predicted.

Home prices rose 2.1% from a year earlier in March when taking into account consumers’ buying power, less than half as much as the raw number, First American Financial Corp. said.

A Florida investment advisor says he has devised a path to homeownership for high-earning young professionals saddled with student loans: refinance them into 100% loan-to-value mortgages, placed in his firm's portfolio.