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The Latest Breaking News from Home Prices

The US housing market was a bust this spring. Here’s what that means for summer and fall

The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season

The Independent UK

We’re passing through ‘the worst housing affordability crisis’ ever seen, former Housing Secretary says

Home prices rose at levels never seen before, and while the market is cooling down, housing costs are still beyond what people can afford, the Obama-era cabinet member said.

Fortune

This decades-long trend in home prices has been 'flipped on its head' amid a big shift in the housing market

"That shows the consumer adjusting to a smaller home, taking less space and trying to get back into that range of affordability."

Fortune

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Cheaper mortgages, tamed inflation and even higher home prices: how 29 forecasters see Australia’s economic recovery in 2024-25

Australia’s top economic forecasters expect the Reserve Bank to start cutting interest rates by March next year, taking 0.35 points of its cash rate by June.

The Conversation

Home prices just broke another all-time high. But things might be changing as price inflation slows

For the first time in close to a year, the pace of annual home price inflation dipped. Still, home prices and mortgage rates are considerably higher than before the pandemic.

Fortune

Real estate CEO says pandemic boomtowns in Florida and Texas are overvalued—and in some cases, are crashing

“These pandemic boomtowns, they just got way too expensive over the last two or three years,” chief executive of Reventure Consulting and Reventure App said.

Fortune

The magic mortgage rate is anything below 6%, top real estate CEO says

“That’d be marketing magic, and would tell the world that mortgage rates are at a level where they should go and grab a property,” Compass cofounder Robert Reffkin said.

Fortune

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As more Texans struggle with housing costs, homeownership becoming less attainable

A new housing report from Harvard University found that would-be homebuyers need to make more money than ever if they want to buy a home in Texas’ urban areas.

The Texas Tribune

US Home Prices Reach Record Highs, Creating Divide Among Buyers

Learn about the record-high US home prices and the challenges faced by first-time buyers in the competitive housing market.

Top News

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The Guardian - UK

China new home prices fall at fastest rate in nearly 10 years; French political uncertainty weighs on markets – as it happened

Rolling coverage of the latest economic and financial news

AAP

Home prices in three cities are outpacing their peers

Australia's housing market is made up of laggards and leaders in home price growth and the gap is expected to linger in the coming months.

Fortune

The hot metros of the pandemic are crashing back to earth as demand for their homes cools

Housing markets in Texas and Florida were once all the rage, so their home prices and rents soared, but now they’re falling in this very different economic environment.

Fortune

Zero percent down mortgages might help more first-time homebuyers break into the housing market—but there are caveats

United Wholesale Mortgage announced a 0% down program last month, and since then it’s been all the rage, but people are split: Does it eliminate a barrier or will it launch us into another subprime mortgage crisis?

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Fortune

Home prices could start falling this summer, marking the 'first domino to fall' on the way to a weaker economy, strategist says

"The housing market is really the first domino to fall on what we think is going to be a slower growth story down the road."

The Independent UK

With home prices up more than 50%, some states try to contain property taxes

Rising home values have led to higher real estate taxes around the US. Now many states are looking to provide relief to frustrated residents

Fortune

The cost of housing has skyrocketed since Biden's presidency. Now a study says it could help him win critical states in the election

Americans’ unhappiness with the cost-of-living crisis, it turns out, sometimes exempts homeowners.

Fortune

National home prices just broke another record for the 9th time in 12 months

“We’ve witnessed records repeatedly break in both stock and housing markets over the past year,” one analyst said.

The Conversation

Colorado takes a new – and likely more effective – approach to the housing crisis

In recent years, Colorado has been a poster child for the U.S. housing crisis. Previously a relatively affordable state, it has seen home prices increase nearly sixfold over the past three decades, outstripping even Florida and California.

The Texas Tribune

Austin enacts sweeping reforms to cut down housing costs

City leaders and advocates hope reducing the size of lots used to build homes will increase housing supply.

Kiplinger

Is This the Worst Time To Buy a Home?

A new poll shows a vast majority of Americans believe now is a bad time to buy a house, in the worst low in Gallup's history.

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