Housing

Home-purchase applications fell more than 4% last week due to a lack of housing supply, according to a new survey from the Mortgage Bankers Association.

The average rate for a 30-year fixed-rate mortgage dropped to 6.32% for the week ending March 30, according to Freddie Mac's Primary Mortgage Market Survey.

Pending home sales climbed 0.8% in February, rising for the third straight month even as higher mortgage rates weighed on consumer demand for new homes.

The housing market is in the midst of a correction caused by high mortgage rates, with prices declining again in January as consumer demand evaporates.

In all of the 12 major housing markets west of Texas, plus Austin, home prices fell in January on an annual basis, according to mortgage-data firm Black Knight Inc.’s home-price index.

A decline in mortgage rates helped to fuel a burst of new home sales in February as potential buyers rushed to take advantage cheaper borrowing costs.

The US year-over-year housing prices decreased in February for the first time in more than a decade. Realtors say buyers should strike quickly while prices are lower.

Sales of previously owned homes rose 14.5% in February from the prior month as mortgage rates fell, according to the National Association of Realtors.

New apartments in the U.S. saw their average square footage go down in 2022, according to a report published by the real estate website RentCafe recently.

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.

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 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 single-family rental homes is growing amid inflationary pressures, interest rate hikes and an influx of instructional investors.

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.

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.

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.

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.

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

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.

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.