Housing Market News
Home Prices Hit New High, But Buyers Gain Power as Stale Listings Pile Up and Price Drops Become More Common
Housing costs could come down in the coming months, as mortgage rates are coming down a bit and there are signs price growth could slow.
U.S. Home Prices Hit Another Record High, But Mortgage Rates Are Starting to Decline–Which Could Give Buyers Relief
Daily average mortgage rates dropped to their lowest level in three months after the May CPI report showed that inflation is continuing to cool. That
Home Prices Are Falling in 3 Texas Metros and Portland, Oregon as High Rates Cool Demand for the Former Hotspots
Prices are down 3% in Austin, TX, more than any other metro, as near-record housing costs push homebuyers away. Nationwide, price drops are at their
Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand
More home sellers are cutting their asking price, suggesting sale-price growth could soften in the coming months. But this week, the median sale price rose
Home Prices Hit Another Record High, Pushing Pending Sales Down 4%
Prices keep rising because this spring’s inventory is lower than usual. The sliver of good news for buyers is that mortgage rates have declined slightly.
Housing Market Update: Mortgages Rates Dip Below 7% For First Time in 5 Weeks, Giving Buyers Some Much-Needed Relief
Pending home sales are down and new listings are flat during a time of year when they typically rise. But this week’s softer-than-expected inflation report