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The Latest Breaking News from Danielle Hale

The affordability crisis is driving unprecedented price cuts in the housing market, Realtor.com says

“Builders are clearly responding to today’s affordability pressures,” said Realtor.com chief economist Danielle Hale.

Fortune

Will mortgage rates drop further after the Fed's rate cut? Not necessarily

The Federal Reserve just cut its benchmark rate for the first time since last year, but that doesn't guarantee mortgage rates will keep dropping

The Independent UK

One out of every 4 homes is at 'severe or extreme' climate risk, study says

Some $12.7 trillion of Americans' housing wealth is exposed to the climate change crisis.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

3 Cities That Have More Home Supply Today Than Before the Pandemic (and Why That Matters)

These 3 U.S. cities now have more housing supply than before the pandemic. Find out why it matters for buyers, sellers and the real estate market.

GOBankingRates

New SALT Deduction Could Put Thousands Back in California Homeowners’ Pockets

The federal state and local sales tax (SALT) deduction cap is higher this year, and could translate into bigger savings for Golden State homeowners.

Kiplinger

Trump's economic agenda for his second term is clouding the outlook for mortgage rates

Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House

The Independent UK

Falling mortgage rates may be prompting more homeowners to sell, boosting inventory for buyers

The recent pullback in mortgage rates and expectations of further easing next year may be motivating more U.S. homeowners to list their home for sale

The Independent UK

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Homeowners are sitting on a record amount of equity, driving a shift toward more expensive homes, top economist says

“They are able to navigate these higher prices without as much of a ramification,” Realtor.com’s chief economist recently said.

Fortune

Your Guide to the Housing Market in 2024

The challenging housing market conditions that dominated 2023 are easing, but buyers and sellers must take action to stay ahead.

Kiplinger

Housing affordability is the worst it’s been in decades. It will improve in 2024, but by only a ‘small step,’ Realtor.com chief economist says

Mortgage rates are expected to drop modestly to 6.8% in 2024.

Fortune

Rental market softening continues—It’s even cheaper to rent than buy in nearly every major market, report finds

“As rents ease and both home prices and mortgage rates continue to climb, it’s become more economical to rent than to buy in nearly all major markets,” Realtor.com’s chief economist said.

Fortune

Mortgage rates just hit a 22-year high—it'll continue to be a ‘drag on home sales,’ Realtor.com chief economist says

"Longer-term, higher mortgage rates are likely to be a drag on home sales as costs put buying out of reach, causing many households to delay plans to move."

Fortune

Housing Beat: Mortgage Rates Creep Down, Inventory Expands And Who Wants A Vacation Home Anymore?

The U.S. housing market closed June with a decline in mortgage rates, a bump-up in pending home sales, a growing number of available properties for sale and an evaporating enthusiasm for vacation homes.

Benzinga

US for-sale homes rise in first since 2019, Realtor.com shows

Home listings increased for the first time since June 2019, according to Realtor.com data, suggesting the U.S. housing supply hit a turning point last month.

Tribune News Service

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news in one place.

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Benzinga

Housing Beat: 30-Year Mortgage At 13-Year High; Major Lenders In LinkedIn Spat

The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two major lenders.

Tribune News Service

South Florida rents top New York area after tri-county region sees highest rent increases in the country

FORT LAUDERDALE, Fla. — The South Florida region saw the highest rent increases in the country in the past year, with some rents more than doubling.

The Philadelphia Inquirer

Eager home buyers are offering Spanish lessons and cash. But signs around Philadelphia point to less competition come summer

After dozens of showings and 22 offers in one day, a Northeast Philadelphia rowhouse left the market after two days. The house was listed at $175,000 — a popular price point. The winning bidder will pay more than $210,000.

The Independent UK

Rents reach 'insane' levels across US with no end in sight

Rents have exploded across the country, causing many to fall behind on payments, dig deep into their savings or downsize to subpar units

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