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The Latest Breaking News from Housing Market

Spring bounce as home-buyer mortgage approvals rise in March

Some experts said the increase in mortgage approvals for house purchase is a sign of the housing market being more resilient than previously thought.

The Independent UK

93 major housing markets saw home price gains in March while 7 declined, says Black Knight

“A modest bump in homebuyer demand [this spring] ran headlong into falling for-sale supply,” says Andy Walden, VP of enterprise research strategy at Black Knight.

Fortune

Home values rise as housing market downturn wanes

Residential property values are slowly increasing for the first time in nearly a year, marking an end to the nation's housing market downturn, experts

The New Daily

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The housing market is shifting—just look at earnings published by 2 giant Fortune 500 homebuilders

A pair of homebuilders on the Fortune 500 list, No. 124 D.R. Horton and No. 267 PulteGroup, just reported a big drop in cancellation rates.

Fortune

House prices rise for the second month in a row as rents keep rising due to low vacancy rates

CoreLogic data shows Australian property prices have risen for the second consecutive month, suggesting a downturn in the housing market is coming to an end as interest rates stabilise.

ABC News

Canada's costly housing market leaves international students open to exploitation

Skyrocketing rent prices in Canada’s major cities are leaving more and more people struggling to find an affordable place to live. National conversations about the housing crisis often overlook a growing segment of the population that is extremely vulnerable to housing discrimination, rent gouging, rights abuses and sexual harassment: international…

The Conversation

The Observer view on generational inequality: wealth redistribution requires political nerve

It’s time for baby boomers to share their spoils with the young, or else trouble lies ahead

The Guardian - UK

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Why These 3 Homebuilder Stocks Are Worth Buying Despite Market Uncertainty

Despite ongoing interest rate increases and prevailing market uncertainties, the housing market's long-term prospects remain robust. Thus, it could be wise to consider some fundamentally sound homebuilder stocks NVR, Inc. (NVR), PulteGroup (PHM), and Skanska AB (SKBSY), for your portfolio. Read more….

StockNews.com

'Our weakest capital city': Canberra's median house price plunges from peak

Canberra's housing market is falling hard and fast.

The Canberra Times

House in a skip: even tiny homes can’t address the privilege and insecurity of the housing market

When 28-year-old artist Harrison Marshall moved back to London after a spell abroad, he couldn’t find anywhere to live within his price bracket. So in March 2023 he moved into a converted skip. He had parked the yellow container on a patch of land in Bermondsey and kitted it out…

The Conversation

Vanguard: The housing market downturn is ‘why we view a mild U.S. recession in 2023 as most likely’

Housing market downturns usually result in recession, says Vanguard economists.

Fortune

‘Everyone’s fighting over crumbs’: New Jersey housing markets slip right back into the Pandemic Housing Boom

Some New Jersey housing markets are getting hot again—fast.

Fortune

This Industry Is Projected to Boom by the End of 2023: Own This Stock NOW

Despite the macroeconomic challenge, declining mortgage rates and improving homebuilders’ sentiments indicate that the housing market might be bouncing back. Homebuilding company M/I Homes (MHO) reported solid fiscal year 2022 results and has gained more than 40% year-to-date. Hence, I think the stock might be an ideal buy. Keep reading.

StockNews.com

A divided housing market: Zillow says these 294 markets to see home price gains while these 102 markets tick lower

If the bifurcated housing correction—which has been sharp out West and mild in the East—has reinforced anything it's that real estate is indeed local.

Fortune

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Miami Herald

First-time homebuyers jilted in Miami-Dade. Here’s how to crack pricey housing market

Growing up in Miami, Vince Rives knew he wanted to stay local, because he’s close to his Cuban family. Raised between his parents’ house in Kendall and his grandparents abode in Westchester, Rives, 29, recalled a happy childhood.

Fortune

The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at $34 per share has crashed to $1

"They [Opendoor] are taking huge losses, and as buying agents, we are all testing their pain threshold" says Chris Davis, a real estate agent in Phoenix.

The Independent UK

Annual rate of house price growth slows as rental price increases accelerate

Home buyers’ worries about rising living costs persist and sellers are open to negotiation, housing market experts said.

Reuters

Spain to help young citizens fly the nest with foreclosed homes

Spain is aiming to help millions of young adults still living with their parents to rent their own homes by offering them properties abandoned when its housing market collapsed a decade ago.

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Fortune

Things are getting really weird in the housing market

The 2023 housing market doesn't look like a national housing crash. It also doesn't look normal.

Fortune

Institutional homebuyer Yieldstreet hasn’t bought any homes this year. Here’s why they refuse to jump into the housing market right now

"I don't think [house] prices have bottomed yet," says Tejas Joshi, director of single-family residential at Yieldstreet.

Fortune

Booming Scranton, falling San Jose: The latest home price data for the nation’s 400 largest housing markets

These 7 charts tell us what's happening to home prices.

The Week

No place in the sun: is this the end for holiday home owners?

Short-term holiday lets could require a permit under new government plans to ease pressure on the housing market and help local residents afford homes.

Ideal Home

Is a UK house price crash coming? Here's what the experts are predicting

Property prices have started to fall, so is a UK house price crash coming?

ABC News

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

Edinburgh Live

Five of Edinburgh's most 'unwanted homes' on sale that just won't budge

As the housing market begins to settle after the Covid pandemic, some homes haven't budged. While some may have us confused as to why they haven't been snapped up, here some of the five 'unwanted' properties.

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