Purchase

Property values for homes that were foreclosed on during the Great Recession are outpacing the nation's average house price appreciation, according to Zillow.

The better news for homebuyers in King County, Wash., keeps coming: Inventory is way up. Sales are way down. And prices have stopped skyrocketing.

The state's red-hot housing market may be cooling a bit, according to the head of the New Hampshire Housing Authority.

As the housing market enters a new era, shifts in the demand for mortgages will ultimately dictate the direction of technology, staffing and GSE reform.

Movement Mortgage, citing the continuing deterioration of the housing market, is eliminating approximately 180 back office positions on Oct. 5.

The median sale price for single-family homes in Connecticut hit the highest level for August in five years, even as the number of houses sold decreased by 4.2% over the same period a year earlier.

Baton Rouge-area home sales were 7.4% lower in August than the year before as real estate activity dropped across the board.

While digital expansion of the mortgage application process increases convenience, it inherently comes with the downside of heightened fraud risk.

Toronto's housing market continues to settle into a new normal as sales and prices changed little in September.

August's share of conventional mortgages closed by millennials reached a three-year high as lenders added products to meet their lifestyle, Ellie Mae said.

Single-family homes in Santa Fe, N.M., sold for 21% more in the third quarter of 2018 than during the same period last year, the Santa Fe Association of Realtors reported.

Mortgage application activity was relatively flat compared with the previous week, as long-term interest rates held steady following the recent Fed rate hike, according to the Mortgage Bankers Association.

Southern California home sales hit a four-year low this past summer as rising costs and a lack of affordable homes cut into home shoppers' buying power.

Consumer demand for “ease of information and ease of interaction” is driving the digital mortgage era, says John Schleck, senior vice president at Bank of America.

LoanDepot is using scale and technology to its advantage by evaluating borrower demands through surveys and real-time assessments of customer profiles, says Chief Technology Officer Dominick Marchetti.

Bank of America is taking what consumers are accustomed to on the banking side and applying that to its lending division to offer a consistent digital experience, says John Schleck, the bank’s senior vice president.

Dominick Marchetti, chief technology officer at loanDepot, explains how the digital mortgage era is being driven by borrowers seeking a more dominant role in the process.

Technology will help compile and assess property data so that the future of real estate appraisers is that they won’t exist, says Matt Rider, chief information officer at Franklin American Mortgage.

Homebuyers put about 15% toward a down payment on house, spend $40,000 in one-time fees and thousands in closing costs, presenting an opportunity for lenders to leverage education and product offerings to prepare them for a purchase.

It's been a rough year for Manhattan's home sellers, and they're not about to catch a break any time soon.