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The Latest Breaking News from Home Prices

Global housing market pain has echoes of a crash 30 years ago

When Covid sent the UK economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The temporary measure triggered a kind of mania among buyers, who responded by bidding up average prices by £31,000 ($35,000) — more than double the…

Tribune News Service

These States Have the Highest Property Tax Rates

Of course, you don’t want to choose where to live solely by the size of your property tax bill. But here's data on this factor.

The Street

Sim beats Stewart in Vancouver election that hinged on housing crisis

Entrepreneur Ken Sim has unseated Kennedy Stewart as mayor of Vancouver, a city where runaway home prices and the cost of living have become pressing concerns among voters.

Tribune News Service

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Rising mortgage rates are sending home prices lower

For the first time in a decade, home prices in Southern California are definitively falling.

Los Angeles Times

Home prices decelerating by record amount, according to new report

Could housing prices finally be coming back down to earth? Year-over-year home-price growth decelerated at a record-setting pace in July 2022. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released September 27, reports that price growth dropped by 2.3% from June to July — from 18.1% to 15.8%.

Tribune News Service

Kiplinger Housing Outlook: Existing-home Sales Increase for Third Straight Month

Home prices keep rising, but the rate of increase continues to slow.

Kiplinger

The housing market is stuck

People expecting a big housing crash might not see it happen so fast.

Axios

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US home prices fall for the first time in a decade

Prices still up over 2021

The Independent UK

House Prices Fall as Rate Hikes Push Buyers to Sidelines

Soaring mortgage rates and elevated home prices have deterred buyers, forcing sellers to lower their expectations.

The Street

Home Prices Down, Sales Up

Good Morning Everyone! Remember, no one gets rich panic selling.

Benzinga

Home Prices Start to Slip as Mortgage Rates Soar

The Case-Shiller Home Price Index slid 0.3% in July from June, the largest monthly decline since November 2014.

The Street

Buyer’s remorse, agent bonuses take hold as higher interest rates change homebuying

Some of the nation’s largest homebuilders are lowering prices, providing discounts and pulling out of land deals as higher mortgage rates on top of already sky-high home prices continue to take a toll on buyer affordability.

Tribune News Service

Stocks Bounce, Yen Intervention, Bitcoin, Lennar, Costco Earnings - 5 Things To Know

Stock futures bounce in wake of hawkish Fed; Japan supports yen in first currency intervention since 1998; JPMorgan CEO calls bitcoin 'decentralized Ponzi scheme'; Lennar shares gain as home prices boost bottom line and Costco earnings in focus as shoppers seek inflation relief.

The Street

US home sales slipped, prices grew more slowly in August

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising home prices made homebuying less affordable

The Independent UK

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Los Angeles Times

Southern California's housing slowdown shows in August home prices

The Southern California median home price remained unchanged in August from the previous month as rising mortgage rates made houses even less affordable for many people.

Benzinga

Falling Home Sales Send Shock Waves Through Home Retailers And Flippers: How Bad Could It Get?

As mortgage rates topped 6%, for the first time since the 2008 financial crisis, new home buyers are being squeezed on multiple fronts since elevated home prices, interest rates, and rising inflation are adding to everyone's bottom line.

Reason

Cardi B Delivers Perceptive, Profanity-Laced Analysis of High Home Prices, Rents

The rapper blamed a lack of "motherfucking inventory" for high home prices and rising rents in low-income neighborhoods. She's not the only one.

Tribune News Service

How much will a house cost by 2030? Predictions and tips to start saving

Just 17 percent of Americans believe it’s a good time to buy a home, according to a recent survey from Fannie Mae. Between higher mortgage rates, still-high home prices and broader inflationary pressure, putting off buying a home might be the only option for some. What happens if you wait,…

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news in one place.

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The Texas Tribune

Texas’ housing market shows signs of cooling down after the pandemic drove it to new heights

Texas had more houses on the market in July than any time since late 2020 as home sales declined in the state’s major metros. Sellers have had to cut prices to entice buyers.

The Street

Housing Market Downturn Continues: Goldman Sachs

Elevated mortgage rates and home prices have hammered the market, pushing building, sales and prices down.

Reason

Selling a Home? The D.C. Down Payment Assistance Program Will Give You Up to $202,000.

The city's expanded down payment assistance program is a recipe for increasing home prices.

The Street

Finally, Some Good News on the Housing Front (for Homebuyers)

Elevated home prices and mortgage rates have hammered the housing market in recent months.

Reason

Glenn Youngkin Says NIMBY Regulations Are Making Virginia an Impossibly Expensive Place To Live

The governor blamed local restrictions on new development for the state's rapidly rising rents and home prices.

Tribune News Service

Is the housing market about to crash? Here’s what experts are saying

The U.S. housing market may be starting to slow down, but it is still hot. Double-digit appreciation is commonplace. Many sellers are still giddily sifting through multiple offers, and frantic buyers continue to pay more than asking prices — sometimes by $100,000 or more.

The Street

More People Are Counting on This to be Able to Buy a Home

As home prices and interest rates rise, those hoping to buy are increasingly hoping something dramatic will happen.

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