The shutdown is delaying home sales and approval of loans because lenders rely on government data, such as verification of borrowers' income, that aren't available. Jay Joerger was set to close a long-planned sale of his Palm Springs condominium this week until he was blindsided by an unexpected problem: the shutdown of the federal government. The condo sits on land owned by an Indian tribe, so the sale must be approved by the U.S. Bureau of Indian Affairs. But ... [Read more]

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Obama talks housing in Los Angeles with Zillow.com By Alejandro Lazo President Obama paused on his trip through Los Angeles on Wednesday to conduct a novel interview on housing policy with the chief executive of the real estate website Zillow.com. The president reiterated his call for the passage this year of a broad housing agenda, which included expanding refinancing to more borrowers and overhauling the nation’s ... [Read more]

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Despite projections suggesting a slowdown in rising U.S. home prices, CoreLogic analysts believe even more gains are in store for June. May saw home prices jump more than 12% for the month of May and experts are now predicting as much as a 13% increase for June. The biggest gains have been seen in Nevada, California and Arizona, although the CoreLogic Home Price Index reveals jumps in 97 out of 100 regions surveyed. Although mortgage rates are on the rise, analysts believe market confidence and ... [Read more]