Technology

Price-to-rent ratios in San Francisco, for example, are up almost 25% since 2012 and near an all-time high. Also, national prices are 15% overvalued, “in real terms,” according to the company.

Builders broke ground on fewer homes in December, especially in the West.

This figure is down 26% from the previous year and represents the lowest annual total since 2007.

Home value acceleration and residential real estate appreciation continued to steadily improve for the sixth consecutive quarter.

Builders remain confident about the sales outlook for 2014.

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Wells Fargo has a far larger purchase share than Bank of America, recent earnings show.

The Golden State experienced a rise in notices of default and foreclosure sales during December, while notice of trustee sales declined.

Late payments on loans have risen for the first time since early 2012, but the long-term loan performance trend remains positive.

Credit requirements loosened the most in December, when 31% of mortgages had credit Fair Isaac & Co. credit scores below 700.