Housing Market

Wells Fargo finds mortgage myths hamper home purchases


NEW YORK - Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo & Co , the largest U.S. mortgage lender.

Vancouver prime property market sizzles, fueled by China cash

VANCOUVER - Chinese investors' global hunt for prime real estate is helping drive Vancouver home prices to record highs and the city, long among top destinations for wealthy mainland buyers, is feeling the bonanza's unwelcome side-effects. | Video

11 Sep 2014

U.S. mortgage applications fall to lowest since Dec 2000: MBA

NEW YORK - Applications for U.S. home mortgages fell last week to the lowest since December 2000 as interest rates rose for the first time in four weeks, an industry group said on Wednesday.

U.S., 10 Sep 2014

Toll loses steam as climbing home prices deter rich Americans

- Toll Brothers Inc is finally feeling the pinch as a steep rise in home prices discourages even the most affluent Americans from buying its luxury homes.

03 Sep 2014

U.S. construction spending hits highest level in 5-1/2 years

WASHINGTON, Sept 2 - U.S. construction spending rebounded strongly to hit its highest level in more than 5-1/2 years in July as private construction increased and state and local government outlays surged, in a further sign of vigor in the economy.

02 Sep 2014

U.S. inflation bonds back in vogue

NEW YORK - U.S. investors are back in the hunt for inflation protection for the first time in two years as rising housing costs - particularly for rent - suggest inflation may finally be waking from its post-recession slumber.

Money, 01 Sep 2014

U.S. housing regulator seeks more support for poor borrowers

WASHINGTON - The regulator for U.S. housing finance giants Fannie Mae and Freddie Mac <FMCC.OB) said on Friday it wants the two firms to provide more support to some low-income Americans taking out mortgages and refinancing their home loans.

29 Aug 2014

Stronger hiring boosts outlook for U.S. home sales: Reuters poll

WASHINGTON - Stronger job creation in the United States is making economists more optimistic about the outlook for home resales over the next two years, according to a Reuters poll that showed little change to expectations for house price rises.

27 Aug 2014

Fannie Mae sells $500 million bills at lower rates

Aug 27 - Fannie Mae , the largest U.S. home funding source, said on Wednesday it sold $500 million of benchmark bills at lower interest rates compared with last week's sale of similar maturities.

27 Aug 2014

Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

- Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.