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.

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.

The typical UK home cost £285,044 in July, down from £286,011 in June.

The best way to describe the housing market over the past year: bifurcated.