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The Latest Breaking News from Housing Market

30-Year Mortgage Rate Holds Steady At 6.35%

Explore the stable 6.35% mortgage rate in McLEAN, Va., offering favorable financing conditions for homebuyers in a resilient housing market.

Top News

Barratt profits plunge 75% as number of houses built slumps

Cost of living crisis, higher mortgage rates and weak consumer confidence weigh on housing market in past year

The Guardian - UK

Texas needs hundreds of thousands of new homes to lower soaring costs, comptroller warns

Comptroller report highlights the challenges Texas faces, including rapidly escalating home prices and a severe shortage of available housing.

Latin Times

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Americans Face 'Most Unaffordable Housing Market In History': Case-Shiller

Home prices in the U.S. showed a notable increase in June.

International Business Times

‘Doing nothing is not an option’ – top economists back planning reform and public housing as fixes for Australia’s housing crisis

Top economists are unanimous in believing Australia’s housing market is in crisis.

The Conversation

US Housing Market Faces Affordability Crisis

Explore the complexity of the US housing affordability crisis, influenced by factors like rising rents, shortage of units, and high interest rates.

Top News

Drunk visitors, rocketing rents and homogenised cafes: living in Europe’s tourist hotspots

Locals say swelling visitor numbers are distorting housing markets and have changed their area’s character

The Guardian - UK

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With Mortgage Rates Dipping, Is Now a Good Time to Buy a House?

When mortgage rates dip, timing may be everything.

Kiplinger

The trillion-dollar metro club just got bigger

The number of trillion-dollar metros doubled in a year, lifting the housing market’s value to an all-time high, according to an analysis from Redfin.

Fortune

Innovative strategy saves Mull's only pharmacist amid housing crisis

AN ISLAND pharmacist has been saved from homelessness through an innovative means of retaining property in the affordable housing market.

The National (Scotland)

Mortgage Rates Hit Lowest Level Since February, Easing Borrowing Costs

Mortgage rates decline, offering hope for homebuyers amidst housing market challenges. Stabilization and potential Fed rate cuts provide relief.

Top News

Housing market ‘set for confidence boost following base rate cut’

Some experts said the Bank of England base rate cut from 5.25% to 5% will help to give confidence to home buyers and sellers.

The Independent UK

Housing bust forecaster ‘Poison Ivy’ Zelman warns: Affordability grind isn’t going away anytime soon

While she sees further home-price deceleration and a dip in mortgage rates, Zelman says cost is the biggest risk to the housing market.

Fortune

First-time buyer nil-rate stamp duty threshold should be retained – Rightmove

The nil-rate threshold for first-time buyers is temporarily set at £425,000 and this is due to revert to £300,000 in spring 2025.

The Independent UK

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Top News

US Housing Market Slows As Prices Reach Record Highs

US housing market slowdown in sales but prices rise. Inventory increases, mortgage rates at 7%.

The Independent UK

US homes find fewer foreign buyers as rising costs and a strong dollar leave market in record slump

Sales of U.S. homes to foreign nationals have fallen to the lowest level in more than a decade, hampered by a strong dollar and many of the hurdles that have kept the housing market in a deep sales slump for over two years

Fortune

Home prices are still sky-high, but competition isn’t as fierce, as the frenzied housing market slowly rebalances

In some ways the housing market is beginning to feel more like it did before the pandemic.

Caixin Global

Guangzhou Relaxes Property Purchase Curbs on Foreign Buyers

Restrictions lifted for non-Chinese mainland home buyers in latest move to revitalize housing market

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news in one place.

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The Independent UK

The US housing market was a bust this spring. Here’s what that means for summer and fall

The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season

The Guardian - UK

Goodlord by Ella Frears review – this email to a landlord is dark and dazzling

The poet’s stream-of-consciousness complaint to an estate agent is a witty and compelling reflection on the state of the housing market and young womanhood

The Independent UK

Millennials face a historically bad housing market. Boomers actually had it even worse

Millennials face the worst housing climate in 40 years, but Baby Boomers faced an even worse set of conditions when they entered the housing market in the 1980s

The Independent UK

UK house prices are set to rise – but for how long?

The General Election is likely to have caused movement in the housing market to slow down

Fortune

This decades-long trend in home prices has been 'flipped on its head' amid a big shift in the housing market

"That shows the consumer adjusting to a smaller home, taking less space and trying to get back into that range of affordability."

Fortune

The housing market's lock-in effect could last into the next decade as mortgage rates stay high even with Fed cuts, BofA says

"The US housing market is stuck, and we are not convinced it will become unstuck anytime soon."

Fortune

Believe it or not, there’s a housing surplus—but not for people who can’t afford a home, study finds

McMansions from the real estate bubble mean the housing market has more than enough homes for people. They are just too expensive.

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