Median prices for single family homes in Massachusetts increased modestly in April, marking the first jump in seven months, and igniting cautious hope in the real estate industry that the state’s yearslong housing downturn is coming to an end. Median home prices rose 1.1 percent to $275,000 in April compared to $272,000 during the same time last year, according to data released Tuesday by Warren ...

A developer pleaded guilty in US District Court for his role in a mortgage fraud scheme related to multiple condominiums sales in Massachusetts. Robert H. Odimegwu, 43, was convicted Thursday in federal court after admitting to 17 counts of wire fraud and money laundering related to the scheme, the US Attorney’s Office said. He faces decades in prison and a $250,000 fine for each count of wire ...

April sales of existing homes and condominiums in the Chicago area rose dramatically from their year-ago pace, and home prices showed some stability last month as well.