Purchase

The momentum Chicago-area housing sales had earlier this year has faded.

Strong housing demand continued to outpace supply in June, in large part because millennial buyers are on the rise, according to First American Financial Corp.

A slowdown in sales of previously owned homes shows how lean inventories are keeping prices elevated and limiting purchasing options.

Foreign buyers continue to find California residential real estate very attractive, but it looks like the growth of international deals in the state trails a national upswing.

The national median home value was above $200,000 in June, breaking a barrier that was not reached during the housing boom.

When market prices rise faster than comparable home sales values it is imperative for lenders to ensure property valuations are accurate, support the sales price and completed in a timely fashion to keep deals from falling through. (Part four in a four-part series on the mortgage industry's response to the housing inventory shortage.)

Two reports this week are singing harmony about the metro Atlanta housing market: there are fewer homes sold, while the ones that are selling are going for higher prices.

The share of closed purchase loans remained flat in June, affected by the lack of homes for sale, according to Ellie Mae's Origination Insight report.

Mortgage loan application volume increased 6.3% last week as interest rates remained flat after a sharp gain during the previous 14-day period, according to the Mortgage Bankers Association.

Home sales — and prices — reached a new high in the Twin Cities area last month, but the dearth of listings continued and may soon put a brake on deals.

Residential construction ended the second quarter on a stronger note as groundbreaking on new homes rebounded in June to the fastest annualized pace in four months.

Sentiment among homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to data from the National Association of Home Builders/Wells Fargo.

From automated applications that borrowers can complete on their own, to data-mapping that speeds up the underwriting process, here's a look at strategies that can help lenders close loans faster.

A decade after the summer of '07, when Orlando real estate began a years-long crash, median home prices have not returned to their high but continued to rise incrementally.

Total bonuses paid to assistants, processors, closers and managers have been rising as lender retention and merger activity have heated up.

Loan application activity for the purchase of newly constructed homes decreased 4% in June from the previous month, according to the Mortgage Bankers Association.

Canadian home sales fell 6.7% in June from the previous month, led by a 15.1% decline in transactions in the once-surging market of Toronto.

When Suna and Robert Shaw bought their previous home in Windham in 2004, the process was akin to taking a leisurely stroll.

Finding a place to live in Brooklyn is easy if you want to rent a home — not so much if you want to buy one.

The Federal Housing Finance Agency has added three categories to the list of protected classes under equal opportunity employment and inclusion rules for regulated entities.