Housing markets

The lower mortgage interest deduction cap in House Republicans' tax bill would create a disincentive for existing homeowners to sell and add to already tight housing inventory concerns, according to Black Knight.

Buffalo's housing market is rebounding, but the recovery so far is largely confined to a handful of neighborhoods in a slice of the city, according to a consultant hired by the Brown administration.

The number of closed sales rebounded after falling dramatically in September when Hurricane Irma took people out of the home-buying mood.

Here's a look at the 10 cities where strong employment and for-sale inventory are expected to keep housing markets bustling with activity during the normally slow year-end months.

Borrowers will be able to take out a substantially bigger home loan backed by Fannie Mae and Freddie Mac next year, thanks to a 6.8% increase in home prices nationwide.

Southern California home prices rose 6.5% in October from a year earlier, while sales jumped 3.6%.

Home prices rose again in the third quarter, where they showed little evidence of slowing down, according to the Federal Housing Finance Agency.

Just to keep up with rising home prices in the Seattle area, would-be buyers needed an $11,000 pay raise in the past year to afford the typical mortgage.

Conforming loan limits for mortgages bought by Fannie Mae and Freddie Mac will increase for the second consecutive year in response to the rapid rise in home prices, the Federal Housing Finance Agency said.

Consumer house-buying power, measuring how much one can purchase based on changes in income and interest rates, fell 2.1% year-over-year, but increased by 1.3% from the month prior, according to First American Financial Corp.

Homes sales for October remained strong in the Greater Cincinnati area, but couldn't quite reach levels attained at the same time last year.

Home prices in 20 U.S. cities rose in September by the most in more than three years, indicating resilient demand at a time of persistently scarce inventory, according to S&P CoreLogic Case-Shiller data.

Purchases of new homes unexpectedly advanced in broad fashion last month, reaching the strongest pace in a decade and offering an encouraging signal for residential construction.

Mortgage closing costs average nearly $4,900 nationwide. But in some states, those fees can reach or exceed five figures. Here's a look at the areas where it costs the most to close a mortgage.

Sales of previously owned U.S. homes rose to a four-month high, indicating demand was firming at the start of the quarter as the impact from the late summer hurricanes faded, according to a National Association of Realtors report.

The housing market has been underperforming its potential since May, and October's performance gap was the largest it's been since November of last year, according to First American Financial Corp.

October home sales bested last year's levels, and sale prices continued to rise across Northeast Ohio as buyers sparred over a relatively meager pool of properties.

The median price of an existing, detached single-family home rose significantly in Southern California in October compared with the same month a year ago.

Toronto-area land prices have gotten so high that developers are struggling to build new homes that people can afford.

Long Island real estate prices climbed last month, as buyers got into bidding wars over a dwindling supply of homes.