Housing

Homeowners continue to give their properties a higher valuation than appraisers would, according to Quicken Loans.

National foreclosure inventory fell to 470,000, or 1.2% of all mortgaged homes in August, compared with 629,000, or 1.6% of all mortgaged homes in August 2014, CoreLogic reported Tuesday.

International buyers are accounting for the smallest share of California home sales in at least eight years as prices climb and investors from China, the biggest source of foreign purchases, slow buying.

In Bakersfield, Calif., a teacher on an average salary can afford 86% of the homes on the market. In Salt Lake City, that number drops down to only 26%.

A weak jobs report was enough to send mortgage rates into a downward spiral, according to Freddie Mac's Primary Mortgage Market Survey for the week ending Oct. 8.

U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.

The House voted 303 to 121 on Wednesday to pass a bill that would delay enforcement of new mortgage disclosures that went into effect on Oct. 3.

Consumer confidence in the housing market rose in September, after dipping in the summer, according to a new Fannie Mae report.

Getting those last-minute applications in before the TILA-RESPA Integrated Disclosure implementation date caused mortgage application volume to rise 25.5% on an adjusted basis in the week ending Oct. 2.

Jon Gray, global head of real estate at Blackstone Group, said the private equity firm is "bullish" on rental housing in New York and Miami, two cities where high home prices make purchases more difficult, sending tenants to the landlord's apartments and houses.