Housing

The number of zombie foreclosures, properties in the foreclosure process that are vacant, dropped 30.1% from a year ago during the second quarter, according to RealtyTrac.

Fannie Mae forecasts flat to declining 30-year mortgage interest rates this year and next, while Freddie Mac thinks they will increase.

Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, introduced legislation Thursday to reform consumer credit reporting.

The Department of Housing and Urban Development issued a proposal Wednesday to codify recent changes to its reverse mortgage program and to provide additional protections for seniors, including a cap on annual interest rate increases.

Home prices in the San Francisco Bay Area, the epicenter of the U.S. technology boom and housing-affordability crunch, hit an all-time high last month.

New-home construction rose in April, extending a pattern of gains and losses that signals the homebuilding industry is contributing little to economic growth.

Confidence among homebuilders held steady in May, signaling limited progress in residential real estate during the busy spring selling season, National Association of Home Builders/Wells Fargo data showed Monday.

Mortgage applications for new home purchases slipped 11% in April from the month before, according to the Mortgage Bankers Association.

Foreclosures continued to decrease in the first quarter, while delinquencies remained flat from the previous quarter, according to the Mortgage Bankers Association.

Homeowner estimates still outpace appraiser valuations across most of the country, but the gap between the two appears to be shrinking.