Housing

Millennials and non-whites make the strongest association between owning a home and the American dream, according to a survey from Zillow.

Mortgage applications dropped during the week ending Feb. 26 as refinance activity fell to its lowest level since January, according to the Mortgage Bankers Association.

Home prices rose 6.9% in January compared to a year ago, according to CoreLogic.

Ocwen Financial Corp. and Walter Investment Management Corp. both recorded full-year losses in 2015, though that is where comparisons between the two companies cease.

Contracts to purchase previously owned homes unexpectedly dropped in January by the most in two years, representing a setback in residential real estate leading up to the spring selling season.

Home prices rose 5.5% in December 2015 compared to the previous year, according to Black Knight Financial Services.

Fannie Mae touted its financial support to the small multifamily loan market last year, saying it provided $1.6 billion in financing to the sector.

Interest rates on fixed-rate mortgages fell this week, according to Freddie Mac, after a small rally in the previous two weeks.

Rising home prices in hot housing markets are robbing buyers of a favorite pleasure: looking at pictures of homes they can't afford.

Home prices rose 5.8% in the fourth quarter from a year earlier as buyers competed for a tight supply of listings.