Housing Market

Supreme Court takes up key housing discrimination case


WASHINGTON - The U.S. Supreme Court on Thursday agreed to weigh whether the state of Texas violated a fair housing law by disproportionately awarding low-income housing tax credits to developers who own properties in poor, minority-dominated neighborhoods.

Fannie, Freddie shares slump after investor lawsuits dismissed

- Shares of government-controlled Fannie Mae and Freddie Mac plummeted on Wednesday, the day after a judge upheld the U.S. Treasury's right to seize the mortgage finance companies' profits.

01 Oct 2014

Opponent of Bank of America $8.5 billion mortgage deal drops out

NEW YORK - A key opponent of Bank of America Corp’s proposed $8.5 billion settlement with investors in mortgage-backed securities has dropped its objections, marking another step forward for the deal to receive final court approval.

01 Oct 2014

U.S. office vacancy rate stays at 16.8 percent in third quarter: Reis

- U.S. office vacancy rate remained flat for the third consecutive quarter at 16.8 percent, real estate research firm Reis Inc said in a report released on Tuesday.

30 Sep 2014

U.S. home prices rise less than expected in July: S&P/Case-Shiller

NEW YORK - U.S. single-family home prices rose in July on a year-over-year basis but fell short of expectations, a closely watched survey said on Tuesday.

30 Sep 2014

U.S. pending home sales fall more than expected in August

WASHINGTON - Contracts to purchase previously owned U.S. homes fell more than expected in August, pointing to a still shaky housing sector.

29 Sep 2014

U.S. new home sales at six-year high, but outlook challenging

WASHINGTON - Sales of new U.S. single-family homes surged in August to their highest level in more than six years, a sign the housing recovery remains on course. | Video

24 Sep 2014

U.S. mortgage applications fall in latest week: MBA

NEW YORK - Applications for U.S. home mortgages fell last week as interest rates edged up, an industry group said on Wednesday.

24 Sep 2014

U.S. existing home sales fall, investors pulling back

WASHINGTON - U.S. home resales unexpectedly fell in August as investors stepped away from the market, but the decline probably does not signal renewed weakness.

22 Sep 2014

Mortgage lending drops in 2013 on decline in refinancing

WASHINGTON - Mortgage originations fell 11 percent in 2013 as rates ticked higher and remained at 20-year lows in the case of loans for home purchases, according to information released on Monday by the Federal Reserve.

22 Sep 2014