Housing

Mortgage rates have skyrocketed in the wake of the Federal Reserve's aggressive interest rate hike campaign, costing U.S. homebuyers thousands of dollars.

Americans cut back on spending even as the odds of a U.S. economic recession decrease, a recent survey said.

It's turning out to be the worst year for home sales since the housing bubble burst in 2008, according to a new report by real estate brokerage Redfin.

High home prices and mortgage rates have put homeownership out of reach for many and pushed some young Americans to get creative, according to recent reports.

The sale of previously owned homes fell again in September as high mortgage rates and a worsening supply shortage left would-be buyers with few options.

Home-purchase applications tumbled last week to the lowest level in nearly three decades as high interest rates and limited availability weighed on demand.

Changes that allow income from accessory dwelling units to be counted toward a mortgage will allow more borrowers to qualify for Federal Housing Administration (FHA) financing.

Confidence among builders in the U.S. housing market plunged to the lowest level since January 2023 as stubbornly high mortgage rates weighed on demand.

Home foreclosures are on the upswing nationwide, according to a new report, a sign that homeowners are still struggling from the ongoing inflation crisis.

A father of two in the United Kingdom has won a home in Devon worth about $2.5 million — but he almost missed his lucky shot at winning when he nearly ignored the phone call about it.

Fannie Mae is predicting a mild recession for the U.S. economy in the first half of 2024 but has upgraded its gross domestic product (GDP) and inflation outlook.

The total number of homes for sale on the market tumbled in September for the fifth straight month, a sign the housing shortage is continuing to deepens.

The owner of a Brentwood, California, mansion is mired in a legal dispute with an Airbnb renter-turned-squatter who hasn't paid rent in a year and a half.

The average rate for a 30-year fixed-rate mortgage climbed to 7.49% this week, continuing its upward march as the U.S. housing market continues to cool.

Home-purchase applications tumbled last week to the lowest level in nearly three decades as high interest rates and limited availability weighed on demand.

Housing prices in 99% of U.S. counties are now more unaffordable than ever for the typical American, thanks to the astronomical rise in mortgage rates.

Freddie Mac says 30-year fixed mortgage rates rose to their highest level in more than 20 years. This has made things tougher on homebuyers because of a lack of supply and demand.

Real estate firms are turning to generative AI tools and large language models to speed market analysis and assess whether a particular property would be an investment worth pursuing.

The resumption of federal student loan payments this fall could hit the housing market, which has already been walloped by the spike in mortgage rates.

Pending home sales in the U.S. fell much more than expected in August as housing affordability continues to worsen. The current rate on the 30-year mortgage is 7.31%.