News

Irvine, California-based online real estate marketplace Auction.com has announced the hiring of former eBay executive Kristine Chin as VP of customer engagement. The duties of the newly-created role of VP of consumer engagement involve spearheading a cohesive, comprehensive, company-wide effort to help Auction.com employees understand the company's customers raise awareness of their needs both now and for the future.

As buyers reach their price limits and show less interest in homes, housing demand lowered for the fourth consecutive month. According to Redfin's Housing Demand Index, homebuyer activity fell 5 percentage points from 113 in June to 108 in July.

Fannie Mae's new research released Tuesday indicates that people living in single-family rental properties (a house, townhouse, or condo) may be more likely to buy a home than those living in apartments.

Fannie Mae is revamping its affordable loan program to offer creditworthy borrowers with low and moderate incomes the opportunity to obtain a mortgage, according to a Tuesday announcement.

New single-family home sales rebounded from disappointing June data, reaching a seasonally adjusted annual rate of 507,000, according to estimates released jointly today by the U.S. Census Bureau and HUD.

Home prices in the U.S. rose 1.2 percent in the second quarter of 2015 for the 16th consecutive month, while home values lowered in July for the first time in four years.

Single-family homes built-for-rent rose to approximately 8,000 starts for the second quarter of 2015, compared to about 6,000 in the same period last year, according to data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design and National Association of Home Builders analysis.

The Federal Housing Administration and the Obama Administration said on Monday that it plans to issue a set of guidelines that will support borrowers that want to make energy-efficient improvements to their homes.

Monday's stock market performance brought about some anxiety among big U.S. businesses and other stakeholders while the Dow Jones dropped by 1,000 points and spent the rest of the day fighting its way back toward the break-even point.

Economic growth in the second quarter fell short of July expectations, presenting a less promising outlook for the rest of the year, according to Fannie Mae’s August 2015 Economic and Housing Outlook.