The Latest Breaking News from Housing Market

These 28 housing markets just slipped into a historically sharp home price correction.

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"Once you start the process of prices falling nationally, there is a self-fulfilling momentum to it because no one wants to catch a falling knife" says Diane Swonk, chief economist at KPMG.

On balance, agents expect the market to soften in the coming quarter

It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both buying activity and purchase prices. Yet, with inventory…

With rising interest rates, there are growing concerns that the current housing market downturn may last through 2023, and a residential real estate brokerage is getting ahead of the curve by laying off 13% of its staff.

SEATTLE — The cooling housing market is driving yet another round of layoffs at a Seattle-based company.

Ever-rising prices meant the homebuilder channelled large sums to shareholders and executives in recent years

FORT LAUDERDALE, Fla. — Homeowners in South Florida are still seeing a return on their property, even as the housing market continues to cool down.