The housing recession isn't over yet
The worst of the housing market recession may not be over quite yet and could soon bleed into the broader U.S. economy, according to Fannie Mae analysts.
Existing home sales slide again in April amid inventory woes, high prices
Sales of previously owned homes fell 3.2% in April from the prior month due to limited housing supply, according to the National Association of Realtors.
Mortgage demand falls as interest rates hit 2-month high
Home-purchase applications plummeted last week as higher mortgage rates weighed on buyer demand, according to a new survey from the Mortgage Bankers Association.
Housing starts unexpectedly increase in April after falling in March
Housing starts, a measure of new home construction, unexpectedly increased by 2.2% in April, after declining in March, the Commerce Department reported.
Homebuilder sentiment jumps to highest level since July
Homebuilder confidence rose faster than expected in May, exiting negative territory for the first time in a year as low inventory buoyed consumer demand.
Fed's May interest rate hike could harm regional bank lending, mortgages, expert warns
The Federal Reserve's latest interest rate increase has been harmful to the balance sheets of small regional banks and has impacted their ability to lend, according to the National Association of Realtors.
Is now a good time to buy a house? A record high number of Americans say no
A record low number of Americans think it's a good time to buy a house amid high inflation and rising interest rates, according to a new Gallup survey.
Squatters, be gone! How to keep your property safe and secure from unwanted occupants
Squatters can take over property and ruin it — here are actionable steps from two experts to take to prevent this. Tips include getting to know law enforcement and installing good lighting.
Home prices on the rise again due to worsening inventory shortage
U.S. home prices resumed their upward march last month thanks to strong consumer demand that was boosted by a worsening shortage and lower mortgage rates.
States revolt against Biden's 'disaster' mortgage redistribution rule to subsidize risky loans
Top finance officials from 27 states blasted a new Biden rule to force borrowers with good credit scores to subsidize risky mortgages, a policy that will take effect today.
Vacant US office buildings are getting residential upgrades to make up for pandemic shift to remote work
Across the U.S., the pandemic shift to remote or hybrid work has left office buildings empty. Now, instead of tearing them down, some owners and investors are giving them "new life."
Billionaire weighs in on whether young Americans should buy homes: Renting is 'buying flexibility'
David Adelman, who heads Campus Apartments — one of the biggest apartment companies in the U.S. said renting an apartment is analogous to buying flexibility.
Dean Cain's Malibu home listed for $7.25 million
Dean Cain's Malibu property has hit the market for $7.25 million. The home features four bedrooms and five bathrooms with ocean views of Southern California's coastline.
These are February's hottest housing markets
Thirteen of the top 20 hottest home markets in February had median listing prices below the national median, the report from Realtor.com said.
Americans are struggling to find homes for sale, causing mortgage demand to plummet
Home-purchase applications fell more than 4% last week due to a lack of housing supply, according to a new survey from the Mortgage Bankers Association.
Homebuyers find opportunity in declining mortgage rates: Freddie Mac
The average rate for a 30-year fixed-rate mortgage dropped to 6.32% for the week ending March 30, according to Freddie Mac's Primary Mortgage Market Survey.
Pending home sales eked out small gain in February as mortgage rates rose
Pending home sales climbed 0.8% in February, rising for the third straight month even as higher mortgage rates weighed on consumer demand for new homes.
US home prices fell in January for seventh straight month
The housing market is in the midst of a correction caused by high mortgage rates, with prices declining again in January as consumer demand evaporates.
A tale of two housing markets: prices fall in the West while the East booms
In all of the 12 major housing markets west of Texas, plus Austin, home prices fell in January on an annual basis, according to mortgage-data firm Black Knight Inc.’s home-price index.
New home sales rise in February for the third month in a row
A decline in mortgage rates helped to fuel a burst of new home sales in February as potential buyers rushed to take advantage cheaper borrowing costs.