Housing

A father of two in the United Kingdom has won a home in Devon worth about $2.5 million — but he almost missed his lucky shot at winning when he nearly ignored the phone call about it.

Fannie Mae is predicting a mild recession for the U.S. economy in the first half of 2024 but has upgraded its gross domestic product (GDP) and inflation outlook.

The total number of homes for sale on the market tumbled in September for the fifth straight month, a sign the housing shortage is continuing to deepens.

The owner of a Brentwood, California, mansion is mired in a legal dispute with an Airbnb renter-turned-squatter who hasn't paid rent in a year and a half.

The average rate for a 30-year fixed-rate mortgage climbed to 7.49% this week, continuing its upward march as the U.S. housing market continues to cool.

Home-purchase applications tumbled last week to the lowest level in nearly three decades as high interest rates and limited availability weighed on demand.

Housing prices in 99% of U.S. counties are now more unaffordable than ever for the typical American, thanks to the astronomical rise in mortgage rates.

Freddie Mac says 30-year fixed mortgage rates rose to their highest level in more than 20 years. This has made things tougher on homebuyers because of a lack of supply and demand.

Real estate firms are turning to generative AI tools and large language models to speed market analysis and assess whether a particular property would be an investment worth pursuing.

The resumption of federal student loan payments this fall could hit the housing market, which has already been walloped by the spike in mortgage rates.

Pending home sales in the U.S. fell much more than expected in August as housing affordability continues to worsen. The current rate on the 30-year mortgage is 7.31%.

Home-purchase applications slumped again last week as mortgage rates surged to the highest level since 2000, rapidly cooling demand among would-be buyers.

Sales of new U.S. homes fell more than expected in August as mortgage rates shot back above 7%, locking many would-be homebuyers out of the housing market.

U.S. home prices continued to march higher in July, according to new S&P data, even as the housing market grapples with an ongoing spike in mortgage rates.

Mortgage rates have skyrocketed in the wake of the Federal Reserve's aggressive interest-rate hike campaign, costing U.S. homebuyers thousands of dollars.

The sale of previously owned homes slumped again in August as high mortgage rates and a worsening supply shortage left would-be buyers with limited options.

The Federal Reserve left interest rates unchanged for the first time in months, but mortgage rates are unlikely to fall despite the long-awaited pause.

New U.S. home construction fell 11.3% in August to the lowest level in three years as a spike in mortgage rates suppresses demand among would-be buyers.

Sentiment among U.S. homebuilders unexpectedly fell into negative territory in September as high mortgage rates weighed on consumer demand for new homes.

Former Victoria's Secret model Gisele Bündchen bought a lavish and modern estate located in Southwest Ranches, Florida. The sprawling property is 7.5 acres.