Housing

Sentiment among U.S. homebuilders unexpectedly fell in August for the first time this year as high mortgage rates weighed on consumer demand for new homes.

The average 30-year fixed-rate mortgage increased to 6.96% for the week ending August 10, according to Freddie Mac.

The U.S. housing shortage is worse in several cities that have experienced a booming labor market, strong population growth and low housing inventory.

U.S. mortgage rates topped 7% for the first time in nine months after Fitch downgraded the nation's credit score, dampening demand among would-be buyers.

Analysts at the Telsey Advisory Group downgraded Lowe’s and Home Depot stock amid a housing market that is weakened by falling home sales and mortgage increases.

The city of Jeannette's fire chief says the department plans to use funds from Biden's rescue plan to demolish a remaining 250 vacant homes deteriorating from squatter activity.

American renter households remained "rent burdened" in the first half of 2023, facing a 30.2% rent-to-income ratio for those seeking an average-priced apartment.

It is now more difficult for Americans to afford a home than at any time in history, according to analysis from global markets publication The Kobeissi Letter.

America's housing shortage is coming to an end. There's been a rise in home construction this year, and builders expect that trend to continue.

Sales of new U.S. homes tumbled in June for the first time in four months as steep prices and rising mortgage rates boxed out many would-be homebuyers.

Home prices climbed for the fourth straight month in May despite high mortgage rates, according to the S&P CoreLogic Case-Shiller index released Tuesday.

The U.S. housing market could take years to recover from the recent spike in mortgage rates, with property prices expected to fall at least 2.4% next year.

U.S. mortgage rates fell this week for the first time since June, backing off from an eight-month high as inflation continues to show signs of moderating.

The sale of previously owned homes slumped again in June as high mortgage rates and worsening supply shortage left would-be buyers with limited options.

The Commerce Department reported that construction of new U.S. homes slid 8% last month, a sign that a deep freeze in the housing market is not over yet.

A new study suggests scammers who stole billions in COVID-19 relief money used the funds to purchase real estate, pushing U.S. home prices higher.

Homebuilder sentiment rose for the seventh straight month in June as a worsening inventory shortage drove demand for new houses among potential buyers.

A worsening housing shortage drove up the price of U.S. homes in June to a near record high, even as would-be buyers grapple with steeper mortgage rates.

The Pennsylvania Attorney General announced a lawsuit against Philadelphia-area property management company SBG Management Services for “multiple violations."

U.S. home prices could still drop this year, according to a Pantheon economist, contrasting a narrative the housing market has recovered from higher mortgage rates.