Homebuyer affordability declined further in May, with the national median payment applied for by purchase applicants increasing to $2,211 from $2,186 in April.

The MBA Opens Doors Foundation announced that it raised $321,000 at its annual MBA Opens Doors Foundation Annual Charity Wine Auction during MBA’s Chairman’s Conference in Sea Island, Ga. The proceeds will support the Foundation's mission of providing mortgage and rental assistance to families caring for critically ill or injured children, allowing parents and guardians to be by a child's side during treatment without fear of losing their home.

The U.S. housing market remains shrouded in uncertainty, with little indication that record-high levels of unaffordability will ease anytime soon, a new report from the Harvard Joint Center for Housing Studies finds.