A report from Reuters. "Sales of new U.S. single-family homes fell to a seven-month low in June. For now, the housing market remains on the back foot. Data from the National Association of Realtors on Tuesday showing existing home sales…
A report from the Mercury News in California. "Signs of a homebuilding decline are already clear. In San Francisco, for instance, several of the city’s biggest housing developments are reportedly stalled. And in Concord, a 16,000-unit megaproject still in the…
A report from CNBC. "Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages. As part of its retrenchment, Wells Fargo is also shuttering its correspondent business that buys loans made by third-party lenders and 'significantly' shrinking its…
A report from the Washington Post. "When Larry Frum listed his townhouse in Laurel, Md., this past August, his real estate agent assured him it would sell in three or four days. But that’s not what happened. 'Three to four…