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The Latest Breaking News from NAR

US home sales fell in October for ninth straight month

Sales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market

The Independent UK

You need to make $87,000 a year to buy a typical house in Dallas-Fort Worth

Rapidly rising mortgage rates have taken a hammer to home affordability across the U.S., even as some areas like Dallas-Fort Worth continue to see double-digit price gains.

Tribune News Service

First-time US homebuyers are oldest on record and least diverse since 1997

Both first-time and repeat U.S. homebuyers are now the oldest on record, and the proportion of purchases by Black, Asian and Pacific Island Americans is the lowest since 1997, the latest evidence that it’s increasingly difficult to buy a home.

Tribune News Service

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

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally is slowing. While demand and price gains are cooling, any correction is likely to be a modest one, housing economists and analysts say. No one expects…

Tribune News Service

US home sales fell in September for eighth straight month

Sales of previously occupied U.S. homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters grappled with sharply higher mortgage rates, rising home prices and a still tight supply of properties on the market

The Independent UK

How Black people are still discriminated against when buying and selling houses: ‘We have an issue here’

When Abdul-Kaba Abdullah decided to sell his home two years ago, he listed the neatly-kept four-bedroom house at $175,000 based on pre-sale evaluations

The Independent UK

Realtors apologizing for past discrimination, urging change

When Abdul-Kaba Abdullah decided to sell his home two years ago, he listed the neatly-kept four-bedroom house at $175,000 based on pre-sale evaluations

The Independent UK

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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,…

Tribune News Service

Dropping Home Sales Numbers May Mean The End Of Bidding Wars

The real estate market is churning again, and based on the latest home sales numbers from several sources, the end of private home bidding wars may be nearing its end.

Benzinga

Toll Brothers Chills Guidance As Housing Market Cools

Toll Brothers reported fiscal third quarter earnings late Tuesday as the U.S. weathers a housing recession.

Investors Business Daily

American dream of owning a home out of reach for many in tight markets

Many middle- and lower-income Americans are left with a dwindling number of options or forced into renting while supply increases for the wealthiest buyers

The Guardian - US

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.

The Street

Add Another Housing Bear -- Bank of America's Think Tank

The median sales price for existing homes reached $416,000 in June, jumping 13.4% from a year earlier.

The Street

The Last Time the Housing Market Was This Slow, Bill Clinton Was President

Mortgage rates well over 5% have refinancing applications down 83% year over year.

The Street

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Bangkok Post

Foreign Purchases of U.S. Homes Fall to New Low

Foreign purchases of U.S. homes slid for a fifth straight year as the pandemic continued to limit international travel and the dollar strengthened.

Tribune News Service

Texas home buyers are competing against investors across the globe

Texas is an epicenter for foreign investment in the U.S. housing market.

The Street

Housing Blues Continue to Play: Unaffordable Mortgages

'A typical U.S. first-time buyer now finds that owning a home is too expensive,' according to S&P Global Ratings.

Benzinga

Chinese Investors Buy $6.1 Billion Worth Of US Homes In Past 12 Months

For the first time in three years, activity from overseas real estate buyers has increased. During a time when the housing market is under incredible scrutiny and seeing astonishing prices, investors from China are gobbling up available homes.

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AFP

US home sales fall again in June as prices hit new record

Washington (AFP) - US home prices hit another new peak in June amid short supply, while existing home sales fell for the fifth straight month amid the ongoing rise in mortgage rates, according to industry data released Wednesday.

The Street

Housing Market Takes Another Punch as Home Starts Fall

Soaring home prices and mortgage rates, combined with low supply, have put the kibosh on potential home buyers' hopes.

Benzinga

Annual Foreign Investment In US Home Sales Up 8.5% To $59 Billion

Global investors are paying record prices for U.S. residential real estate. What Happened: According to new data from the National Association of Realtors, international buyers purchased $59 billion worth of U.S. residential properties between April 2021 and March 2022, up 8.5% from the same period one year earlier.

The Street

Home Shortage Plus High Rates Equals Housing Crisis

The biggest problems in housing seem to be soaring home prices and mortgage rates and low inventory.

The Street

Should You Buy or Should You Rent: Housing Woes

Overall home prices soared 20.4% in the 12 months through April, according to the S&P CoreLogic Case-Shiller Index.

Investors Business Daily

Should You Buy A House Now? Experts Weigh In On Pros And Cons

Rising borrowing rates are giving prospective homebuyers cold feet. But rates will almost certainly climb higher. Should you buy a house now?

The Street

Housing: Still in the Dumps, Despite Rays of Light

Pending home sales inched 0.7% higher in May from April, and new home sales rose as well.

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