Housing markets

The departing CEOs of Fannie Mae and Freddie Mac oversaw significant cultural and operational shifts that made the housing finance system safer and more responsive to market needs, but a tough job lies ahead for their successors.

With home mortgage rates climbing to a seven-year high, typical homes in the Albany, N.Y., region have become less and less affordable this year, according to a regional real estate agents group.

The Twin Cities housing market, after one of the most frenetic summers on record, is beginning to cool.

As the mortgage industry confronts tight margins, shifting market share and regulatory uncertainty, a new leader emerges at the Mortgage Bankers Association.

It's a critical time in Washington, with many key institutions in the mortgage and housing industries getting new leaders. At the Mortgage Bankers Association, there's a renewed focus on maintaining effective influence with decision makers on initiatives like housing finance reform, innovation and the evolving needs of home buyers.

The share of homes for sale listed with a price cut hit its highest level since 2014, but the reductions themselves are shrinking, according to Trulia.

The vast majority of Americans, especially those that could be downsizing into a smaller property, would rather renovate their current home than save for a down payment, a Zillow survey found.

Home sales in the Charlotte metro area plunged in September, compared to a year ago.

Retiring baby boomers will intensify the affordable housing shortage unless public officials find a way to add significantly more low-cost homes to the market.

More than 20% of the houses listed for sale in the Dallas area have had at least one price cut in order to try and move the property.

Manhattan landlords are offering tenants more deal sweeteners than a year ago as developers continue to add supply, and mortgage rates and taxes are drawing in would-be home buyers willing to stick it out a while longer in the rental market.

Real estate prices surged on Maui in September but sales for single-family homes and condominiums were lower than the same time a year ago due to shrinking inventory.

Prices paid for vacant land in Philadelphia have plummeted to their lowest levels in three years after peaking in 2017, an indication that the city's development boom led by townhouse, condo and apartment projects is losing steam.

While September had a steady yearly rise in home prices, the month-to-month growth is slowing down, according to Quicken Loans.

Home price index swaps, treated as a second lien on a property, will be used to reduce the default risk associated with low down payment mortgages, one of the program's creators said.

Millennials are targeting homeownership within the next few years, but many are buying into certain house-purchasing myths, according to Bank of America.

Anyone who has shopped for a house in Buffalo, N.Y., knows just how hard it is to find one these days.

Oahu's housing market hit another record in September with the median price of single-family homes climbing to $812,500.

Home prices increased nationally by 5.5% year over year from August 2017, while in the Bradenton-Sarasota-North Port, Fla., region they grew by 3.95%, CoreLogic said.

Rising interest rates, both current and the prospect for future increases, took a toll on consumers' outlook on the housing market during September, according to Fannie Mae.