Purchase

Southern California home prices shot up in January from a year earlier, as buyers fought over a meager supply of homes for sale across the six-county region.

Home prices in 20 U.S. cities advanced in December by the most in nearly a year on the heels of stronger demand and lean inventory.

A deepening imbalance between entry-level buyers and sellers is creating stiff competition, and multiple offers for more than list price aren't unusual.

With inventory tight, roughly 80% of housing markets had purchase bidding competition in January and value appreciation is expected to increase in the coming months.

High demand drove sales of existing single-family homes in Maine to a 20-year high in January, up nearly 27% compared with January 2019, according to figures released by Maine Listings.

When metro Denver's real estate market was running red hot a few years ago, buyers were timid about asking sellers to cover their out-of-pocket costs for fear of losing out to another bidder.

Franchisees of Remax Holdings' Motto Mortgage combined to originate over $1 billion in loans in the organization's third year of operations.

The supply of homes for sale in Palm Beach County, Fla., is falling sharply, a trend that could create upward pressure on prices.

Houston's market for new homes held its own in January as sales reached 1,319, according to HomesUSA.com.

Sales of previously owned homes remained robust in January as low borrowing costs and higher wages continue to make purchasing more attainable.

For the first time in 15 years, fewer than 2 million mortgaged properties lie in default or foreclosure status as of the end of January, according to Black Knight.

Even with the small increase in mortgage rates this past week, the home purchase market stayed active and should remain so for the peak buying season.

Following a record 2019 for the Central Texas housing market, 2020 has kicked off in much the same way, with home sales and median sales prices again reaching record highs in January.

It is the start of a new decade, and here are six trends that will play a critical role in reshaping the mortgage industry.

Low mortgage rates are setting the stage for growth, not just in refinancings, but in purchase volume as well during 2020, according to Ellie Mae.

While Seattle was the nation's fastest-rising housing market between 2016 and 2018, Tacoma now holds that dubious honor, according to Redfin.

The metro Atlanta housing market has continued to heat up, with sales jumping and pricing rising modestly since the start of the year.

Finance Minister Bill Morneau is relaxing mortgage qualification rules to make it easier for homebuyers to secure financing, a move that could give Canada's real estate market another boost.

A dip in conventional mortgage refinance demand drove mortgage application volume down compared with one week earlier, according to the Mortgage Bankers Association.

Newly constructed home purchase application volume continued its upward momentum during January, with unexpectedly low mortgage rates encouraging consumers to start shopping now, according to the Mortgage Bankers Association.