Warren Buffett's Berkshire Hathaway subsidiary accused of discriminatory practices by Justice Department
A company owned by Warren Buffett's Berkshire Hathaway discriminated against certain minority families and has reached a settlement with federal authorities.
US pending home sales tumble 20% in June as mortgage rates surge
Rising mortgage rates and higher home prices have forced entry-level homebuyers out of the market – evidenced again by a big decline in pending home sales.
US new home sales drop to lowest level in 2 years
Purchases of new single-family homes declined considerably in June as a combination of high prices and rising mortgage rates pushed potential homebuyers out of the market.
US home price growth cooled in May for second straight month
Home prices in May climbed 19.7% compared with the same month one year ago, evidence that steeper borrowing costs may be starting to cool the housing market.
How housing is fueling searing-hot inflation
U.S. inflation is likely to remain elevated in coming months as a result of skyrocketing housing costs, which economists warn could be slow to moderate.
Existing home sales tumble 5.4% in June as prices hit another record high
Rising mortgage rates combined with the steady increase in home prices has pushed prospective homebuyers out of the market in recent months, new data shows.
Housing starts plunge in June to lowest level in 9 months
Steeper mortgage rates have reduced consumer demand for a new home, evidenced by new data on Tuesday that showed home construction cooled more than expected in June.
Homebuilder sentiment collapses in July to lowest level in 2 years
U.S. homebuilder sentiment fell in July to the lowest level in two years as rising borrowing costs and searing inflation forced consumers to pull back on spending.
Monday's trading: 5 things to know
Construction sentiment expected to show while conditions are good, rising costs, higher input prices and inventories affecting homebuilders
Mortgage rates jump as home affordability drops
The high cost of home ownership continues to squeeze would-be buyers with mortgage rates rising again this week after two weeks of declines.
California law requiring property owners to pay one month’s rent to legally evicted tenants is upheld
A federal appeals court has upheld a 2020 California law requiring property owners who have legally evicted tenants to pay their tenant's last month's rent.
Mortgage rates hit 5.81%, highest level since November 2008
Mortgage rates have hit 5.81% — the highest level since 2008 — ramping up pressure on homebuyers already feeling squeezed in the current real estate market.
As housing cools, mortgage loan size falls
The average loan amount for a home mortgage is down markedly from its peak in mid-March, indicating that demand in the U.S. housing market is slowing.
In Louisville, Kentucky, the real estate market may be changing
On "American Dream Home" on FOX Business, host Cheryl Casone takes a look at Kentucky's horse country — and the housing market in and around Louisville.
Housing market goes from bad to worse
The U.S. housing market is getting battered by rising interest rates and sky-high prices, as housing starts and builder confidence continue to decline.
Redfin lays off 8% of workers, forecasts years of fewer home sales amid rate hikes
The Redfin real estate company laid of 8% of its workforce as the industry continues to contract Tuesday.
On 'American Dream Home,' a couple seeks a permanent Florida vacation
On "American Dream Home" on FOX Business Network, hosted by Cheryl Casone, one couple searches for a permanent vacation spot in Cocoa Beach, Florida.
Mortgage rates jump, reaching 5.23%
American homeowners continue to feel the pinch as the 30-year fixed-rate mortgage rate rose this week, averaging 5.23% as of Thursday. Rates hadn't exceeded 5% in over a decade.
Blue Ridge Mountains of Georgia attract buyers even as home values rise
Cheryl Casone of FOX Business Network describes the path one couple took toward finding an “American Dream Home” in the Blue Ridge Mountains of Georgia.
New home sales plunge nearly 17% in April
The Census Bureau reported that the median sales price of new homes hit $450,600 last month. With interest rates now upward of 5%, the rising cost of homeownership is pricing more would-be buyers out of the market.