Housing

Los Angeles residents will vote next spring on a proposal that would have hotels place homeless people in vacant rooms through a voucher program administered by the city.

High mortgage rates and home prices are the top two reasons keeping homeowners from moving house, according to a recent survey by Point.

Signed contracts to buy previously owned homes in the U.S. increased in July for the second consecutive month, despite a recent spike in mortgage rates.

Historic low mortgage rates spurred a housing frenzy two years ago and provide a floor for how low home prices can drop today, according to Zillow.

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

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.

A new Zillow forecast projects that home prices may climb 6.5% over the next year as an affordability crisis for would-be homebuyers continues to worsen.

The U.S. economy is facing a shortage of skilled workers that is impacting the construction and manufacturing industries in particular, prompting a search for a new talent pipeline.

Fannie Mae economists predicted in a revised forecast that the U.S. housing market faces a prolonged downturn due to high mortgage rates and limited supply.

Mortgage lender Better Home & Finance Holding is hoping to move past its bad IPO, which debuted as the 30-year fixed mortgage rate hit the highest since 2001.

For relatively little money, homeowners can refresh and upgrade their garages in a significant way. Here are ideas from design pros for making upgrades of $250 or less.

New U.S. home sales rose more than expected in July as buyers flocked to new construction amid a lack of resale inventory that has left limited options.

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

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

Warren Buffett’s Berkshire Hathaway now owns roughly 5.7 million shares of D.R. Horton, the largest homebuilder in the U.S., despite headwinds threatening the industry including rising mortgage rates.

Redfin reported that newly built homes are on the rise, accounting for nearly a third of single-family homes. It comes at a time when there is a severe shortage of existing homes.

Goldman Sachs strategists said in an analyst note this week that they no longer think home prices will tumble this year, and will instead increase by 1.8%.

The average 30-year fixed-rate mortgage increased as Treasury yields hit their highest level since 2007, according to Freddie Mac. But there are still ways for house hunters to save.

Rates for a 30-year fixed mortgage now average 7.09%, the highest since 2002, putting further pressure on the cooling housing market amid high prices.

Americans are leaving cities with high property taxes and relocating to states like Tennessee in search of lower rates as they try to cut homeowner costs.