Purchase

Here's how rapidly the U.S. housing market has cooled: Buyers are now about four times less likely to face a bidding war than they were just a year ago.

Despite a stronger economy, home prices are outpacing wages in 40% of markets, according to Attom Data Solutions. Here's a look at the 12 cities in most danger of a housing bubble this summer, based on the gaps between property values and local incomes in each.

A decline in refinancings led to a drop in mortgage application volume last week, even though purchase activity continues to rise, according to the Mortgage Bankers Association.

The number of single-family homes sold on Oahu dropped 10.4% in June while condo sales fell 13.5% compared to the year before, the Honolulu Board of Realtors reported.

Total Kentucky home sales rose by 10% in May, according to the Lexington-Bluegrass Association of Realtors.

Lenders who employ a technology stack that tracks, collects and analyzes homebuyer behavior will have a distinct advantage as application volume rises.

With affordability still an issue despite falling interest rates and harnessed home value growth, lenders further loosened credit standards in June, according to the Mortgage Bankers Association.

Seattle's housing market isn't cooling quite as fast it was earlier this spring, but prices are still dropping as inventories build and would-be buyers continue to search outside the city limits for better prices.

Median home prices in the second quarter rose 5.1% over the same period a year ago in the city of Santa Fe, with the countywide median price up 7.4%, according to the Santa Fe Association of Realtors.

Builder MDC Holdings' preliminary numbers for net new home orders registered their highest quarterly increase in years, adding to signs of growing demand for housing.

While mortgage rate optimism kept consumer confidence about the home purchase market high in June, affordability worries pulled overall sentiment lower, a Fannie Mae survey said.

The Whitefish, Mont., Legacy Homes Program intended to create housing for those with moderate incomes officially went into effect on July 3.

Colorado Springs-area home prices notched a third straight record high last month, as the demand for housing in the Pikes Peak region shows no signs of slowing while the supply of properties for sale remains historically low.

Toronto home sales jumped again in June, nudging prices higher and narrowing affordable options for buyers.

The California Housing Finance Agency helped a record number of low- and moderate-income residents purchase their first homes with help from its down payment assistance program.

Rising affordability through declining mortgage rates brought more buyers to the table and cut down the national inventory of for-sale homes, according to Redfin.

Mortgage application activity was virtually flat from one week earlier, down just 0.1%, although there was a huge gain in Federal Housing Administration refinance volume, according to the Mortgage Bankers Association.

Single-family home sales in the Rockford, Ill., region rose by nearly 11% in May thanks to declining mortgage rates and pent-up demand from winter, the Rockford Area Association of Realtors said.

On the heels of Independence Day, here's a look at how housing affordability measures up across states occupying America's 13 original colonies.

The rate of annual home price appreciation rose again in May, offsetting the affordability gains from declining mortgage rates, according to CoreLogic.