The Latest Breaking News from Home Prices

“The evolution of the U.S. housing market has been Herculean or devastating depending on where you look,” the strategists wrote in their forecast.

After years of rising real estate prices, we're finally seeing some markets come back down to earth. That's great for potential homebuyers - who should take a careful look at these five metro areas, where home prices have cooled off in 2023, despite sky-high mortgage rates.

“For those homebuyers who can wait, the spring will bring more new listings and lower mortgage rates," Bright MLS chief economist Lisa Sturtevant said.

Just over half of people aged 50-plus are set to downsize in the next two years.

Colorado residents are deciding whether to siphon off a state tax refund that’s unique in the U.S. to help homeowners offset hikes in property taxes from years of rising home prices

Nearly 7% of sellers posted price drops in October, Redfin says—well above the 3.6% average.

Home prices are soaring, and down payment funds are becoming popular wedding registry items. But couples receive more on average asking for a honeymoon.

It's good to own in Detroit and Chicago right now, but not so much in San Francisco and Seattle.

National home prices are about to hit a fresh peak in October, though the pace of growth is starting to slow.

“The residential sector now appears to be contracting alongside the recent move higher in mortgage rates,” the bank’s economists wrote.

The bank expects supply to remain tight but high rates to weigh on affordability, it predicted in its updated 2024 housing outlook.