Housing

Housing market activity increased in the past week with the help of mortgage rates falling for a fifth straight week.

The U.S. housing market will likely see further price drops as result of low affordability and growing inventory, according to economist Ian Shepherdson.

The housing market is in the midst of a correction caused by high mortgage rates, with prices declining again in November as consumer demand evaporates.

The housing market is beginning to recover from a recent low as mortgage rates fall from a record high, evidenced by an increase in pending home sales.

The U.S. housing market will likely bottom out by mid-year, according to Goldman Sachs economists, as mortgage rates continue to decline from a peak of 7%.

December purchases of new homes rose 2.3% as mortgage rates began to normalize, offering hope the housing market is recovering from the Fed rate hikes.

Pending home sales climbed 3% in December, evidence the housing market is stirring back to life as mortgage rates continue to fall from a record high.

Sales of previously owned homes fell 1.5% in December from the prior month due to higher mortgage rates, according to the National Association of Realtors.

Alexandria Real Estate's Joel Marcus says vacant office buildings sit in major U.S. cities as a "monumental opportunity" to solve the housing supply crisis.

Home prices rose 8.6% in November, according to new CoreLogic data, the smallest gain in two years as high mortgage rates exclude prospective homebuyers.

Sales of previously owned houses fell in November for the 10th consecutive month as rising interest rates pushed potential homebuyers out of the market.

Rising interest rates and stubbornly high prices are starting to cool the housing market, with new home construction in the U.S. falling again in November.

Builder sentiment in the market for single-family homes fell in December to the lowest level in 10 years as high mortgage rates decimate the housing market.

Condo prices in San Francisco's downtown areas have plummeted as remote work has kept people out of cities, and crime and homelessness issues have continued to persist in the city.

Mortgage rates fell for a straight fifth week with the 30-year and 15-year fixed rate mortgages dropping to 6.31% and 5.54%, respectively, nearly double last year.

Young adults are living with their parents to save on rent and are spending more on luxury goods, including higher-end clothing and expensive items, per a new report.

A number of consumers who took out a home mortgage this year are now underwater as rapidly rising mortgage rates drain demand from the housing market.

Nearly a quarter of U.S. homebuyers are looking to move, according to a study from Redfin. States in the Sun Belt, such as Florida, are top destinations for the moves.

The average long-term U.S. mortgage rate fell for the fourth week in a row and has fallen more than three-quarters of a point since hitting a 20-year high last month, according to mortgage packager Freddie Mac.

On "American Dream Home" on Fox Business, Cheryl Casone introduces viewers to a man in St. Louis who wanted a peaceful country retreat even amid today's record housing prices and bidding wars.