US home prices post first annual decline since 2012
The median U.S. home sale price dropped 1.2% in February, marking the first year-over-year decline in a decade, according to a new report from Redfin.
Mortgage rates post big decline amid Silicon Valley Bank fallout
Wall Street is now betting the Fed will pause its interest rate hike campaign next week amid fallout from the SVB failure, sending mortgage rates tumbling.
Pete Davidson's Brooklyn apartment available to rent for $30,000 per month
Pete Davidson's former penthouse apartment in Brooklyn, New York, has hit the market for $30,000 per month. The 4,500-square-foot unit features a private rooftop terrace.
Long-distance real estate investment in residential properties a hotbed in US South and Midwest
Long-distance real estate investment in single-family rental homes is growing amid inflationary pressures, interest rate hikes and an influx of instructional investors.
Home prices could face double-digit drop in these 4 cities, Goldman Sachs warns
Goldman Sachs analysts warned in an analyst note that housing prices could drop by double-digits in four major U.S. cities that became pandemic boom towns.
Housing affordability is at the lowest level in over a decade
Americans' ability to buy a house is at the lowest level since 2006 because of high mortgage rates and steep home prices, according to Atlanta Fed data.
Do you have more money in your pocket than last year? Americans respond
Americans revealed whether they have more, less, or the same amount of spending cash on hand this year compared to 2022, with most people breaking even.
US home prices could plunge 20% amid risk of 'deep' housing slide, Fed economist warns
Dallas Federal Reserve economists warned this week that the U.S. housing market could face a steep drop in prices as the result of higher mortgage rates.
Economy, job market among nation’s most pressing issues, say concerned Americans
People in Austin, Texas, identified what they believed to be the most pressing issues facing America currently, with over half of people pointing to the economy
Home sales jump for month but headwinds remain
Signed contracts to buy previously owned homes rose for the second month in a row in January, but pending transactions remain down by 24.1% year-over-year.
New home sales jump more than expected in January to 10-month high
January purchases of new homes rose 7.2% to the highest level in 10 months as mortgage rates started to declined, according to Commerce Department data.
US housing market sees $2.3T drop in value, biggest since 2008
Higher mortgage rates have weighed on the U.S. housing market, which posted a $2.3 trillion decline in the second half of 2022, according to Redfin data.
Home purchase applications plunge to 28-year low as mortgage rates jump
Mortgage applications tumbled more than 18% last week, the biggest monthly drop since 2015, as rates climb higher and home prices remain abnormally high.
Existing home sales unexpectedly fall in January for 12th straight month
Sales of previously owned homes fell 0.7% in January from the prior month due to higher mortgage rates, according to the National Association of Realtors.
Housing starts fall in January to the lowest level since 2020
Construction of new U.S. homes declined again in January for a fifth straight month as high mortgage rates continue to cool consumer demand for housing.
Homebuilder sentiment jumps in February by biggest amount in a decade
Builder sentiment in the market for single-family homes climbed in February to the highest level since September as mortgage rates fall from a peak high.
Inflation dents mortgage applications
Demand for mortgages dropped from the prior week as worries about higher rates and inflation dented the market.
Mortgage activity rebounds, skewed toward high priced homes
Housing market activity increased in the past week with the help of mortgage rates falling for a fifth straight week.
Economist who called 2008 housing crash predicts another 15% drop in home prices
The U.S. housing market will likely see further price drops as result of low affordability and growing inventory, according to economist Ian Shepherdson.
US home prices slide in November for fifth straight month
The housing market is in the midst of a correction caused by high mortgage rates, with prices declining again in November as consumer demand evaporates.