Housing

The sharp decline shows the lagging effect of the increased mortgage rate on the housing market, with prices still higher than the same time last year despite declining.

Sales of previously owned homes plunged in July for the sixth consecutive month as rising borrowing costs and higher housing prices pushed prospective buyers out of the market.

The U.S. housing market is starting to cool off considerably as the Federal Reserve raises interest rates at the fastest pace in decades in order to cool inflation.

Homebuyers are backing out of purchase contracts at the fastest pace in more than two years as they confront rising interest rates and the possibility of an impending recession.

Redfin CEO Glenn Kelman discusses the role rate hikes have on the housing market amid high inflation and highlights the significance the housing sector has on the overall economy.

Rising interest rates are starting to cool the housing market, with new U.S. home construction plunging to the lowest level in close to two years in July.

Builder sentiment in the market for single-family homes plunged in August to the lowest level in two years, indicating the housing market is officially in a recession.

Airbnb noticed an uptick in new hosts during the second fiscal quarter as inflation continued to rise. Hosts are utilizing the extra income to offset the rise in everyday costs.

Active home listings climbed more than 30% in July, evidence that higher mortgage rates are starting to cool consumer demand for new houses, a new report showed.

Republican Sen. Mike Lee introduced a bill earlier this year that intends to address the housing crisis by allowing local and state governments to buy federal land at a discount.

Mortgage rates declined from last week to 5.3% as housing demand continues to fall, signaling recession fears are weighing on investors and buyers alike.

A company owned by Warren Buffett's Berkshire Hathaway discriminated against certain minority families and has reached a settlement with federal authorities.

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.

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.

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.

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.

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.

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.

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.

Construction sentiment expected to show while conditions are good, rising costs, higher input prices and inventories affecting homebuilders