Recent weakness in the stock is sentiment driven, analyst says.
Trulia and Zillow are out with predictions for the housing market in 2014 and the outlook is mixed.
The latest data from RealtyTrac shows foreclosure activity continues to drop to more normal levels.
The latest weekly survey from the Mortgage Bankers Association showed a 10% year-over-year drop in purchase applications as interest rates rose.
The Senate's confirmation of Mel Watt for director of the Federal Housing Finance Agency, the regulator of bailed-out housing companies Fannie Mae and Freddie Mac, ends a prolonged fight over who should hold the key housing post.
Fannie and Freddie will charge a higher fee to guarantee mortgages, especially in states where foreclosure timelines are exceedingly long.
The ceiling on loans for single-family homes in highest cost areas would drop to a maximum of $625,500 from $729,750, effective Jan. 1.
A new default threat may be arising among second-lien home equity lines of credit extended during the height of the boom.
The foreclosure inventory rate drops to 2.2% of all mortgages from 3.1% a year earlier, but it remains elevated.
Trulia Chief Economist Jed Kolko says the latest jobs report has good news for housing.