The Latest Breaking News from Housing Market

This week in the housing market, mortgage rates were mostly flat, mortgage application volume was down and the Sun Belt is shining with new single-family home construction.

With housing prices rising exorbitantly during the pandemic and homebuying becoming more unaffordable for many people, a reckoning in the housing market could soon occur, according to analysis from Florida Atlantic University real estate economist Ken H. Johnson.

Seattle landlords may soon be required to report how much rent they charge — an effort to give city officials better data about the local housing market that drew opposition from some property owners.

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Prices also increased by 0.9% month on month in May, taking the average house price to £269,914, Nationwide Building Society said.

Australia’s housing market has started falling from its pandemic highs, with property prices down 0.11 per cent in May amid rising interest rates.

The housing market caught fire in 2020 as Americans decided en masse that they wanted homes and were willing to pay for them.

During the record-breaking housing boom of the past two years, a drastic under-supply of homes for sale has bedeviled buyers and delighted sellers. Now, the squeeze is slowly easing — a shift that could mark the start of a much-anticipated cooling of the white-hot housing market.

The U.S. housing market showed unmistakable signs of stalling this week. Despite a decline in mortgage rates, mortgage applications and home sales were down while the cost of homeowners insurance was rising across most of the nation.

Rising mortgage rates and economic uncertainty have some people questioning the market.

Buyers face bidding wars to snare homes despite soaring inflation, cost of living crisis and fears of property crash