Housing

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.

The Labor Department said inflation cooled sharply in June, but prices remained abnormally high as the price of food, used cars and rent marched higher.

A worsening housing shortage drove up the price of U.S. homes to the highest level on record, even as would-be buyers grapple with steeper mortgage rates.

U.S. housing and "interest rate-sensitive" markets are at risk of a "fallout" as the Federal Reserve continues an aggressive rate hike campaign, David Tawil says.

Housing affordability in the U.S. has plummeted to the lowest level since 2007 as mortgage rates and home prices soar higher, according to a new report.

Fannie Mae economists projected that housing prices will fall less than previously expected amid high consumer demand and a worsening supply shortage.

A California government agency says that a $100,000 salary in San Francisco is considered "low income," according to a memorandum earlier in June.

The rate on the 30-year fixed mortgage rose to 6.71% this week from 6.67% a week ago, according to weekly data compiled by mortgage buyer Freddie Mac.

The House of Representatives passed a bill on Friday reversing President Biden's controversial mortgage plan.

A new study found Tampa, Florida residents need to make at least $85,000 annually to afford rent. The city saw skyrocketing housing costs as Americans flocked there during the pandemic.