Housing Market News
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
Housing Market Update: Record-High Monthly Payments Chill Spring Selling Season–But Declining Rates Could Boost Activity
High home prices and rates sent home sellers and buyers to the sidelines in April and the start of May. But last week’s encouraging economic
Housing Market Update: For the First Time in Nearly 2 Years, There’s No Major American Metro Where Home Prices Are Falling
Inventory is below typical April levels, driving home prices up. Continually rising mortgage rates are further eroding affordability–and this week’s Fed meeting confirmed that mortgage