US home price gains weakened in December on slower sales

WASHINGTON (AP) — U.S. home values rose at a modest pace in December, a sign there are too few potential buyers to bid up prices. Real estate data provider CoreLogic says home prices rose 5 percent in December from 12 months earlier. That is down from the 5.5 percent price gain recorded in November. It's...

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Average US rate on 30-year mortgage rises to 3.80 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates have edged up for a third straight week while remaining near their historically low levels reached in May 2013. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage rose to 3.80 percent from 3.76 percent last week. The rate for the 15-year loan,...

MetLife will pay gov’t $123.5M in mortgage settlement

NEW YORK (AP) — MetLife's home lending unit will pay $123.5 million to end an investigation into allegations it gave government-backed mortgages to people who didn't meet federal requirements. The Justice Department said Wednesday that MetLife knew the business was issuing hundreds of loans that didn't meet federal requirements, which means they were not eligible...

US new home sales fall slightly in January

WASHINGTON (AP) — Sales of new U.S. homes were basically flat in January, evidence that recent job gains and relatively low mortgage rates have yet to spur the real estate market. The Commerce Department said Wednesday that new home sales slipped 0.2 percent last month to a seasonally adjusted annual rate of 481,000. This marks...

Seattle City Council approves lower rent cap for some tiny apartments

The Seattle City Council, in a 8-0 vote Monday, approved legislation capping rents at about $600 a month for some tiny new apartments covered by a tax-break program that's voluntary for real estate developers. The bill adjusts the city's Multifamily Property Tax Exemption Program, which gives 12 years of tax breaks to developers who volunteer to reserve a percentage of units...

Seattle-area home-price gains strengthening

Home prices in the Seattle metro area jumped 1.2 percent in December from the previous month, one of the strongest gains in the nation, according to the S&P/Case-Shiller 20-city index released Tuesday.

US home sales plunge 4.9 percent in January

WASHINGTON (AP) — U.S. home sales struck a snow drift in January, plunging to the slowest pace in nine months. The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted annual rate of 4.82 million. That brings sales down to their lowest level since...

Requirements for mortgages are easing

Nation’s Housing WASHINGTON — A closely watched index that tracks mortgage credit availability — lender requirements on credit scores, down payments and other key loan terms — has some good news for potential homebuyers: Things are finally loosening up. After years of progressively tighter rules on borrower eligibility in the wake of the housing bust,...