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The Latest Breaking News from Housing Market

Second home owners may need planning permission with rule change proposed in one part of Wales

Recent research has shown that on average 65.5% of Gwynedd's population is priced out of the housing market

Wales Online

Boomers are pushing millennials out of the housing market for 3 main reasons

BofA: "In the current environment...baby boomers are better equipped financially for home purchasing."

Fortune

Wall Street eyes homebuilder stocks as investors prepare for the housing market's next move

Deutsche Bank says they've gone from "cautiously optimistic to decisively bullish on new residential construction"

Fortune

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Home affairs asked Labor to extend support for asylum seekers as housing market worsens

Exclusive: Refugee advocates say nothing yet done to improve supports and they fear for people who end up with none

The Guardian - AU

An Overgrown, Mould-Covered Piece Of Shit Has Just Hit The Sydney Housing Market For $2.5 Mil

An "abandoned" and "unliveable" house in Sydney's inner suburbs has just hit the property market with a buyers guide price of $2.5 million.

Pedestrian.tv

2 Homebuilder Stocks to Buy Today, 1 to Sell

Despite interest rate increases and prevailing market uncertainties, the housing market's long-term prospects remain positive. Thus, it could be wise to consider buying fundamentally sound homebuilder stocks Lennar Corp. (LEN) and Tri Pointe Homes (TPH). However, one could avoid Cyrela Brazil Realty S.A. (CYRBY) due to its weak fundamentals. Continue…

StockNews.com

More interest hikes will further weaken housing market, says FTSE 250 builder

FTSE 250 housebuilder reports drop in sales as it urges government to provide support for first-time buyers

The Guardian - UK

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Eurozone falls into recession; US jobless claims jump; storm clouds over UK housing – business live

Eurozone economy shrank by 0.1% in the final quarter of last year, and the first three months of 2023, putting it into technical recession

The Guardian - UK

Property experts remain optimistic despite challenging housing market in Wales

Surveyors said the downturn in house sales could be bottoming out

Birmingham Post

Annual house prices fall for first time in a decade

House prices fell by 1.0% on average across the UK in May

The Independent UK

Heathrow security guards to strike from 24 June, says Unite; UK house prices ‘in first annual fall since 2012’ – as it happened

Heathrow security guards announce strikes over summer, UK house prices record their first annual fall in over a decade

The Guardian - UK

Annual house price growth turns negative for first time since 2012 – index

House prices fell by 1.0% on average across the UK in May, Halifax said.

The Independent UK

The Fed's man-made housing market recession hit so hard that 4 real estate titans just lost their Fortune 500 status

Rocket Companies and Zillow just fell out of the Fortune 500. Here's why.

Fortune

Weekly US Government Data Roundup: June 5, 2023

Facts on when Social Security could become insolvent, two ways to analyze the most competitive housing markets in the country, plus data on HUD's affordable housing program.

USAFacts

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Daily Mirror

Nine US cities where home owners are losing thousands on value of their property

The US housing market is witnessing an unprecedented decline in home prices, with cities like Oakland, San Francisco, Seattle, Los Angele and Salt Lake City experiencing significant drops

The Guardian - UK

Eurozone inflation falls to 6.1%; Brexit a ‘historic economic error’; US private payrolls rise – as it happened

Eurozone inflation eased more than expected last month, as former US Treasury secretary Larry Summers warns Brexit helped to drive up UK inflation

The Independent UK

Housing market headwinds set to strengthen in near term, says Nationwide

Across the UK, house prices fell by 0.1% month on month and by 3.4% annually in May, Nationwide Building Society said.

Fortune

Moody's: Home prices in Chicago are undervalued while Tampa is overvalued—here's how the other 402 major housing markets look

In Q1 2022, U.S. home prices as measured by Moody's Analytics were "overvalued" by 27%. Now it's 17%.

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news in one place.

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The Independent UK

‘Reality check’ for the housing market as sales slide by 8% month-on-month

Experts suggest the slowdown is likely to be longer and deeper than originally anticipated

Fortune

Elon Musk says home prices will tumble 'next'—Redfin's CEO disagrees

Elon Musk thinks pain awaits the residential housing market, tweeting that "Commercial real estate is melting down fast. Home values next."

Zenger

Elon Musk’s Reminder On Excesses That Led To 2008 Housing Market Collapse

Tesla CEO Elon Musk warned about a risk that looms large for the housing market, repeating a thought he expressed a year ago

Axios

Realtors are leaving the housing market in droves

Tens of thousands of realtors are giving up on the profession after their ranks swelled earlier in the pandemic when the housing market was soaring.

Fortune

One of the weirdest housing markets ever—just look at these 12 maps

"The wild pandemic-era housing market made price growth trends more local than they had been since 2009," writes Redfin economist Taylor Marr.

Fortune

Zillow just got super bullish on these 37 housing markets

Zillow expects 37 regional housing markets to see at least a 7% home price jump between April 2023 and April 2024.

Fortune

The housing market enters into a pivotal stretch

The average 30-year fixed mortgage rate could once again top 7%.

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