Markets & Economy

Real estate market recap, May 11-15

The big news in real estate markets, recapped for your convenience

Here's what happened this week in the real estate market: Home price growth accelerated across the country in the first quarter as demand picked up and home supply remained anemic, according to a quarterly report on home prices released by the National Association of Realtors. Freddie Mac reported $524 million in net income for the first quarter, and judging from the $227 million in net income it reported in the fourth quarter of 2014 and the fact that this was the company’s 14th consecutive quarter in the black, it’s faring much better than its government-sponsored enterprise (GSE) counterpart, Fannie Mae. A Visio Financial Services report indicated that investors are expanding property searches and buying in higher price bands in 2015. The number of homes lost to foreclosure and the national foreclosure inventory continued to post considerable annual declines in March, according to data aggregator CoreLogic. Auction.com announced findings from its April 201...