News
Investment and vacation home sales surged in 2011 as more investors jumped into the market with cash in hand to acquire distressed and affordable properties, the National Association of Realtors said.
The combined share of investment and vacation home sales last year...
Consumer Financial Protection Bureau officials will consider allowing mortgage loan officers to lower their compensation in order to close a home purchase.
The Federal Reserve finalized its loan officer compensation rule under the Dodd-Frank Act last year...
U.S. gross domestic product grew 3% in the fourth quarter of 2011, according to the Department of Commerce's third and final report for the quarter. That figure is consistent with the department's second estimate for the period.
GDP is a measure of the nation's...
U.S. gross domestic product grew 3% in the fourth quarter of 2011, according to the Department of Commerce's third and final report for the quarter. That figure is consistent with the department's second estimate for the period.
GDP is a measure of the nation's...
The nation's average 30-year fixed-rate mortgage rate dipped back below 4% on weaker housing economic indicators.
The Freddie Mac survey showed the 30-year, FRM averaged 3.99% for the week ending Thursday, down from the prior week's average of 4.08%. Last year at this...
Jobless claims for the week ending March 24 fell by 5,000 filings to 359,000 initial unemployment claims, according to the Department of Labor.
That is down from a revised figure of 364,000 a week earlier. The Labor Department...
When choosing between one debt or another, American consumers are more likely to make a payment on their auto loans before sending in checks for mortgages and credit cards, TransUnion said.
The credit reporting bureau made that conclusion after finalizing its...
When choosing between one debt or another, American consumers are more likely to make a payment on their auto loans before sending in checks for mortgages and credit cards, TransUnion said.
The credit reporting bureau made that conclusion after finalizing its...
Treasury Department officials are narrowing the range where they think principal reduction could work for the government-sponsored enterprises.
The Federal Housing Finance Agency is analyzing how much principal reduction under a revamped Home Affordable...
The nation's monthly pile of completed foreclosures stood tall in February, barely moving to 65,000 from 66,000 a year earlier and from 71,000 in January.
Data released by CoreLogic...
The nation's monthly pile of completed foreclosures stood tall in February, barely moving to 65,000 from 66,000 a year earlier and from 71,000 in January.
Data released by CoreLogic...
Las Vegas home sales for the month of February rose to their highest level for that month in six years, with the area seeing 4,240 homes and condos closed in escrow.
That is up 5% from January and 8.9% from February 2011, according to real estate analytics firm DataQuick...
February pending Miami-area home sales spiked by nearly a third, boosted by a 49% burst of single-family pending home sales.
The number of Miami-Dade County home sales pending in the month rose 29% to 3,695 from 2,872 a year earlier, according to the Miami Association of Realtors...
February pending Miami-area home sales spiked by nearly a third, boosted by a 49% burst of single-family pending home sales.
The number of Miami-Dade County home sales pending in the month rose 29% to 3,695 from 2,872 a year earlier, according to the Miami Association of Realtors...
A variety of encouraging indicators suggest the housing market is awakening, “much like the garden flora reemerging from their winter dormancy,” Frank Nothaft, Freddie Mac chief economist said Wednesday.
In the agency’s latest economic outlook report, Nothaft predicts...