US housing market faces new hurdle: Student loan repayments
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.
Home prices could surge over the next year as affordability crisis worsens
A new Zillow forecast projects that home prices may climb 6.5% over the next year as an affordability crisis for would-be homebuyers continues to worsen.
America's skilled worker shortage impacting construction, manufacturing industries
The U.S. economy is facing a shortage of skilled workers that is impacting the construction and manufacturing industries in particular, prompting a search for a new talent pipeline.
The US housing market may be trapped in a prolonged freeze
Fannie Mae economists predicted in a revised forecast that the U.S. housing market faces a prolonged downturn due to high mortgage rates and limited supply.
Mortgage lender Better has bad IPO before rebound
Mortgage lender Better Home & Finance Holding is hoping to move past its bad IPO, which debuted as the 30-year fixed mortgage rate hit the highest since 2001.
6 ways to upgrade your garage for $250 or less, according to design pros
For relatively little money, homeowners can refresh and upgrade their garages in a significant way. Here are ideas from design pros for making upgrades of $250 or less.
New home sales climb in July despite steep mortgage rates
New U.S. home sales rose more than expected in July as buyers flocked to new construction amid a lack of resale inventory that has left limited options.
Mortgage demand falls to lowest level since 1995 as rates surge
Home-purchase applications tumbled last week to the lowest level in nearly three decades as a spike in rates and limited availability weighed on demand.
Existing home sales continue to slide amid supply shortage, steep mortgage rates
The sale of previously owned homes slumped again in July as high mortgage rates and worsening supply shortage left would-be buyers with limited options.
Warren Buffett's favorite homebuilder: D.R. Horton
Warren Buffett’s Berkshire Hathaway now owns roughly 5.7 million shares of D.R. Horton, the largest homebuilder in the U.S., despite headwinds threatening the industry including rising mortgage rates.
New construction of homes keeping housing market 'afloat': Redfin
Redfin reported that newly built homes are on the rise, accounting for nearly a third of single-family homes. It comes at a time when there is a severe shortage of existing homes.
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs strategists said in an analyst note this week that they no longer think home prices will tumble this year, and will instead increase by 1.8%.
Mortgage rates top 7% but lack of homes still the biggest problem for the market: Freddie Mac
The average 30-year fixed-rate mortgage increased as Treasury yields hit their highest level since 2007, according to Freddie Mac. But there are still ways for house hunters to save.
Mortgage rates reach highest level in over 20 years
Rates for a 30-year fixed mortgage now average 7.09%, the highest since 2002, putting further pressure on the cooling housing market amid high prices.
Rising property taxes are a housing market killer
Americans are leaving cities with high property taxes and relocating to states like Tennessee in search of lower rates as they try to cut homeowner costs.
Housing starts rise more than expected in July despite high mortgage rates
New U.S. home construction rose 3.9% in July after declining the previous month, even as high mortgage rates continued to weigh on the housing market.
Warren Buffett investing money in three US homebuilding companies
Berkshire Hathaway is putting investment dollars into three homebuilding companies despite the industry’s sluggish recovery since the pandemic, according to filing with SEC.
6 ways to update your bathroom for $250 or less, according to design pros
When it comes to remodeling or freshening a bathroom, there are low-cost ways to achieve an update without breaking the bank. Design pros share tips.
Home Depot customers go big on smaller projects
Home Depot reported second quarter earnings slightly ahead of predictions on Tuesday, despite posting a drop in sales amid slowing demand for larger item purchases and building projects.
Housing market to provide a "downside cushion" for US economy: Fannie Mae
Fannie Mae said it continued to expect a modest recession beginning in the fourth quarter of this year or the first quarter of 2024, but a strong housing market would provide a "downside cushion."