The Latest Breaking News from Housing Market

"This is temporary. They paused and continued to cull their portfolio as they always have."

The housing market in the United States is battling its biggest affordability crisis in almost 40 years.

It said that market-rate homes helped make cheaper housing more affordable by “creating chains of vacancies and moves that can reach across an entire housing market area”

Berkshire Hathaway bought beaten-down UnitedHealth Group, pared back on Apple and was a net seller of stocks in Q2.

Baby boomers continue to dominate the U.S. housing market.

Berkshire Hathaway disclosed its investments in three major U.S. homebuilders: D.R. Horton, Lennar, and NVR.

The average long-term U.S. mortgage rate rose this week to just under 7%, the latest setback for would-be homebuyers already facing affordability challenges due to a housing market limited by a shortage of homes for sale

"I kid you not—there were zero affordable homes" says Stephen Drew.

China’s Country Garden Holdings, one of China’s largest private-sector property developers, is late on delivering coupon payments on its debt, sparking fears the company could soon default. The company failed to pay coupon payments due Monday. Country Garden Holdings owes $10.5 million of interest on a dollar bond that matures...

Depending on your situation, the housing market is either working–or it isn’t.

Among the 200 largest housing markets tracked nationwide, 193 markets exhibited inventory levels in July 2023 that were lower than those of July 2019.