US home prices tumble in September for third straight month
Mortgage rates that have doubled over the past year are sapping demand from the housing market, which saw prices decline for the third month in September.
NYC bill preventing landlords from performing criminal background checks gains traction
A bill being considered in New York City would prevent landlords from conducting criminal background checks on prospective tenants as crime continues to surge in the city.
New home sales unexpectedly climb in October despite steep mortgage rates
Mortgage rates have more than doubled over the past year, pushing many prospective homebuyers out of the market, even as home prices remain near a record-high.
Looking to buy a house? It's the worst time in decades to do so
U.S. consumers looking to buy a new home are facing the worst conditions in a generation as the Federal Reserve rapidly raises interest rates to fight inflation.
Investor home purchases tumble 30% as rising mortgage rates cool housing market
A new Redfin report showed that investor home purchases plunged in the third quarter of the year as higher mortgage rates rapidly slow the housing market.
Home prices could plunge 20% amid risks of 'severe' correction, Dallas Fed says
Fed policymakers need to thread the needle as they try to deflate the housing bubble without bursting it, the Dallas Fed said in a research paper this week.
Existing home sales drop for ninth straight month in October
Sales of previously owned houses fell in October for the ninth consecutive month as rising interest rates pushed potential homebuyers out of the market.
Housing starts fall again in October as high mortgage rates sap demand
Rising interest rates and stubbornly high prices are starting to cool the housing market, with new home construction in the U.S. plunging again in October.
Homebuilder sentiment falls sharply in November as higher mortgage rates bite
Builder sentiment in the market for single-family homes tumbled in November to the lowest level in 10 years, indicating the housing market is officially in a recession.
Housing agency reports record financial cushion as it braces for market downturn
The FHA doesn’t issue mortgages but insures lenders against losses. Borrowers can pay for insurance on mortgages with down payments of as little as 3.5%.
Mortgage rates climb back above 7%
Mortgage rates have seen record high's over the last 10 weeks, climbing to and the hovering around 7%. This week they climbed up to 7.08% doubling last year.
Confidence in US housing market hits a new low: Fannie Mae
Rising mortgage rates and high home prices have brought consumer confidence in the U.S. housing market to the lowest level in over a decade, according to Fannie Mae.
Best places to retire in the US updated as inflation woes persist: Which place is No. 1?
A new U.S. survey ranks the country’s 150 most populous metro areas based on things like health care, happiness and the No. 1 factor: affordability.
Pending home sales fall by most in 2 years as rising mortgage rates sap demand
Sales of previously owned homes tumbled in September as home ownership became increasingly unaffordable for many prospective buyers thanks to higher mortgage rates.
US home prices could plunge 20% next year as mortgage rates surge
The housing market could slow even further this year, according to one economist, who expects prices to tumble 20% as mortgage rates crush consumer demand.
New home sales tumble in September as mortgage rates march higher
Mortgage rates have more than doubled over the past year, pushing many prospective homebuyers out of the market, even as home prices remain near a record-high.
Sen. Mitt Romney places $11.5M ski resort home on the market
Sen. Mitt Romney, R-Utah, is selling his $11.5 million mansion inside a world-class ski resort in Utah. Romney also recently sold a $23 million mansion in La Jolla, California.
US home prices slowed in August at the fastest pace on record
Mortgage rates that have doubled over the past year are sapping demand from the housing market, which saw price growth decelerate at the fastest pace on record in August.
Builders say they’re ready for this housing slowdown. ‘I’ve Learned My Lesson.’
Home builders have learned lessons since the mortgage backed security housing crisis and Great Recession of 2007, 2008, and 2009, taking less risk with borrowing.
Existing home sales tumble to a 10-year low in September as mortgage rates skyrocket
Sales of previously owned houses fell in September for the eighth consecutive month as rising interest rates pushed potential homebuyers out of the market.