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The Latest Breaking News from Housing Market

Realtors are leaving the housing market in droves

Tens of thousands of realtors are giving up on the profession after their ranks swelled earlier in the pandemic when the housing market was soaring.

Axios

One of the weirdest housing markets ever—just look at these 12 maps

"The wild pandemic-era housing market made price growth trends more local than they had been since 2009," writes Redfin economist Taylor Marr.

Fortune

Zillow just got super bullish on these 37 housing markets

Zillow expects 37 regional housing markets to see at least a 7% home price jump between April 2023 and April 2024.

Fortune

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The housing market enters into a pivotal stretch

The average 30-year fixed mortgage rate could once again top 7%.

Fortune

Fannie Mae: The housing market recession isn't over—and soon it'll help spur a 'mild' U.S. recession

Fannie Mae: "We are expecting a significant slowdown in [housing] starts later this year"

Fortune

Housing economist breaks down why millennials are losing out to boomers as top buyers of homes on the market

As baby boomers downsize and millennials finally enter the housing market, they are in direct competition for similarly priced and sized homes.

Fortune

Bankrate: Existing-home sales, prices decline again

The housing market remained soft in April, a new report by the National Association of Realtors (NAR) shows. Sales of existing homes — previously occupied properties, rather than newly built homes — resumed their long downward slide. The number of sales in April was off 3.4% from last month and…

Tribune News Service

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Era of ‘massive’ UK house price rises nearing end, says OBR economist

David Miles says working from home, stalling population growth and higher interest rates will shape market

The Guardian - UK

Millennials and homebuying: Real estate adapts to the largest generation

Millennials are the largest generation in the U.S., and everyone has been expecting members of this massive demographic cohort to reshape the housing market. So far, however, it hasn’t quite happened.

Tribune News Service

Chicago’s rental market is stabilizing but seeing some of the fastest price increases in the US

Bidding wars. Lack of inventory. Offers above asking price. All characteristics of the hot local housing market, these trends are now also showing up in Chicago’s rental market.

Chicago Tribune

The Big Squeeze: The housing market is so unaffordable that builders have no choice but to build smaller homes

“Fundamentally, every major housing market in the country is overpriced right now,” says Matt Saunders at John Burns Research and Consulting.

Fortune

Housing market lacks lustre

The housing market will need to rely on foreign demand to stimulate growth, as domestic buyers are facing challenges in obtaining loans, evidenced by a decline in residential transfers in the first quarter of 2023.

Bangkok Post

Americans have had a sudden change of heart about buying a house, and only 1 in 5 think it's a good idea

At least 50% of Americans had confidence in the housing market for nearly 50 years, but that all changed the last two years.

Fortune

These 2 institutional giants went on home buying sprees during the Pandemic Housing Boom—now they're selling

Institutional investors, like American Homes 4 Rent and Invitation Homes, are pulling back from the U.S. housing market. At least for now.

Fortune

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Fortune

The housing market correction would regain new life if the U.S. defaults, says Moody’s chief economist

The U.S. Treasury could run out of cash as soon as early June. That could deliver a big hit to the housing market.

Daily Mirror

London flat costs just £650 a month - but there's a man in a tent in the living room

It is well known that the housing market in London is increasingly pricing out a lot of people from living in the capital, but one Brit has turned to a creative solution to afford it

Fortune

Zillow: U.S. default would see mortgage rates top 8%, home sales plummet, and the housing market slip back into a 'deep freeze'

If the U.S. defaults, Zillow says, mortgage rates could reach 8.4% by September.

USAFacts

Which US cities have the most competitive housing markets?

Three metro areas have some of the most competitive housing markets in the country, with both low supply and high demand.

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news in one place.

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The Independent UK

Average long-term US mortgage rate falls to 6.35% this week, lowest level in 5 weeks

The average long-term U.S. mortgage rate fell this week to its lowest level in five weeks, welcome news for house hunters looking for an edge as they navigate a housing market constrained by a near-historic low number of homes for sale

Insider UK

Scottish housing market activity weakens - but prices still rise

Both demand and supply levels fell further into negative territory in the latest survey of surveyors

Fortune

What to expect next from the housing market

Fortune rounded up revised home price forecasts from 9 major research firms.

Insider UK

Scottish housing market holds up in the face of economic headwinds

Year-on-year house prices increased by 3.8%, while the overall number of transactions was down by 11%

The Guardian - AU

We are still on a path to widening inequality when it comes to housing. The budget doesn’t change that

The fault lines in our housing market are now so deep that only fundamental change will halt country’s slide into social desperation

The Guardian - UK

Skipton’s 100% mortgage for renters offers hope – but not without risk

Much depends on the housing market and there’s no agreement on how that’s faring right now

Fortune

The housing market slump saw builders rollout mortgage rate buydowns—here's when to expect the deals to disappear

As the housing market stabilizes will builders cut back on incentives?

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