The Latest Breaking News from Housing Market

The average rate on the benchmark 30-year home loan fell slightly this week, ending a seven-week climb —- modest relief for prospective homebuyers grappling with an increasingly unaffordable housing market

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

Housing market more resilient than feared despite the impact of 14 interest rate hikes

If you’re taking the first steps in your career right now, you’re doing so in the face of a high cost of living and an increasingly inaccessible housing market. You may well be facing the reality that you will be worse off than your parents’ generation.

Expected growth in the rental market is likely to remain slow for the rest of the year amid a slow housing market and cooling economy.

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

Some 43,300 mortgages were approved for house purchase in September, marking the lowest monthly total since January 2023.

Chennai luxury housing sales up 143% in 9M 2023: 3,330 units sold, 16,310 units sold across all budget categories. Prices range from ₹15K-40K/sq.ft. Emerging luxury housing market compared to Mumbai, Bengaluru & Delhi. National luxury housing sales up 84,400 units in 9M 2023.

Consumers have been reining in their spending in response to high interest rates and new data may signal a continuation of this trend.