Real estate

The average price of a Manhattan apartment topped $2 million for the first time, reflecting the closing of deals from a high-end buying frenzy that's now showing signs of a slowdown.

Although many believe home prices to be impervious to inflation, they are still susceptible to speculation surrounding the Federal Reserve's rumors and decisions on monetary policy.

Bankers are fighting back against a plan that would allow Fannie Mae and Freddie Mac to invest in low-income housing tax credits, arguing they are critical for meeting Community Reinvestment Act requirements.

Lennar Corp., the second-largest U.S. homebuilder, reported a higher-than-expected profit for its fiscal first quarter as the nation's job gains bolstered demand for real estate purchases.

Home values in 20 U.S. cities kept climbing in January, a sign the limited supply of available properties may push prices out of reach for some buyers.

Contracts to purchase previously owned homes rebounded more than forecast in February as sales picked up in most of the U.S., a good sign as the spring-selling season approaches.

Home prices rose 5.3% in January compared to the previous year, according to Black Knight Financial Services.

Royal Financial in Chicago has agreed to sell $26 million of distressed assets associated with its pending purchase of Park Bancorp in Chicago.

While the absolute number of housing markets that are less affordable than their historic norms remains small, there is concern over rising home prices forcing consumers out of the market, according to RealtyTrac.

Purchases of new homes climbed in February for the fourth time in the last five months as demand snapped back in the western U.S.

Home prices rose in January as shoppers competed for a limited inventory of listings.

Eight years after the crash, the housing market still awaits the return of the first-time home buyer. Beyond the struggle to build credit to meet stricter standards, and the difficulty saving for a down payment amid skyrocketing rents and surging student loan burdens, there lies an even simpler explanation: fewer choices.

Sales of previously owned U.S. homes dropped more than forecast in February as low inventory levels continue to limit progress in housing.

A trio of private commercial mortgage veterans announced the launch of Shelby Funding in Boca Raton, Fla.

There are more millennial homebuyers in Boston and Pittsburgh than in the rest of the country's 50 largest cities, according to a study released Thursday by LendingTree.

Fixed-rate mortgage rates rose for the third straight week, in part due to higher inflation, Freddie Mac reported.

If the Federal Reserve raises short-term rates in June, market volatility will spur investors to buy long-term bonds, driving down the 30-year mortgage rate to around 3%, consultant Barry Habib argues.

Confidence among homebuilders held in March at a nine-month low as sales prospects waned, a sign the housing market may be struggling to accelerate as the spring-selling season approaches.

Lenders are getting stingier when it comes to funding risky U.S. real estate developments, putting pressure on landlords in need of fresh funding to keep their projects afloat.

Home equity lenders are putting more loans on the books, thanks to increasing property values. But utilization rates are falling, not increasing, and older loans are paying off at a faster clip than lenders can replace them.