Real estate

Wells Fargo & Co., the lender whose chief executive officer stepped down this week amid a scandal in its branch network, posted a third-quarter profit that beat analysts' estimates as loan-loss provisions improved and revenue from mortgage banking increased.

Loan applications for new home purchases rose 3% in September over the previous year, but continued year-over-year growth could be subdued for the rest of 2016, according to the Mortgage Bankers Association.

Foreclosure filings dropped to the lowest level reported since December 2005, signaling the end of the country's foreclosure crisis, according to Attom Data Solutions.

NeighborWorks reported Wednesday that 56% of survey respondents said that rents are too high where they live for them to be able to save enough to buy a home.

The number of completed foreclosures nationwide in August dropped 42% from a year earlier, according to CoreLogic.

It's tougher out there for New York's commercial real estate developers seeking cash for their latest projects.

It's been a tough year for farmers, and lenders are looking for ways to help those borrowers offset sagging income.

The housing industry has staunchly defended the mortgage interest tax deduction as an essential tool for promoting homeownership. But attitudes are softening, as data show the low- and moderate-income homebuyers who need the subsidy the most are getting the least benefit.

Interest rates fell in August to the lowest level recorded all year for millennials, which could mean expanded buying power for this segment, according to Ellie Mae.

Consumers were less inclined to buy a home in September, thanks to concerns about interest rates, home prices and the political environment.

San Francisco has the highest level of "mortgage stress" of the top 100 largest cities in the United States by population, according to Finder.com.

Homeowners in congressional districts controlled by Democrats nationwide have gained two times' more housing wealth than those in districts led by Republicans, according to Attom Data Solutions.

Converting millennials from renters to homeowners is proving difficult, but here are steps lenders can take to get this generation on board with buying.

There are a lot more apartments available for purchase these days in Manhattan. And fewer people are buying.

U.S. Bancorp has agreed to settle a lawsuit that claimed it neglected to maintain foreclosed properties in Southern California after the 2008 financial crisis.

Hillary Clinton and Donald Trump should face more questions about housing policy, especially the lack of affordable housing to own or to rent nationwide, said Fannie Mae Chief Tim Mayopoulos.

Home sales in California are expected in increase in 2017 as price appreciation slows down, according to a forecast from the California Association of Realtors.

Homes were less affordable than their historic averages in 24% of U.S. markets as prices rose and wage growth slowed, according to Attom Data Solutions.

Contracts to purchase previously owned homes fell to a seven-month low in August, held back by a tight supply in the housing market.

The red-hot growth in home prices across the West is starting to slow in some cities as sticker shock and low inventory put off weary buyers.