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The Latest Breaking News from Housing Market

Housing affordability has gotten so bad that 15% of buyers are purchasing a home with a non-romantic co-buyer. ‘It’s like carpooling for homes’

Gen Zers and millennials are leading the charge on co-ownership in a historically challenging housing market

Fortune

Someone's Getting a New Crib: South Korea Eases Housing Regulations!

President of South Korea announces measures to boost home supplies by easing regulations, bringing hope to the housing market and encouraging economic growth.

Top News

Detroit dethrones Miami as fastest-appreciating housing market as home prices continue rising

U.S. home prices were up 5.2% in November 2023, the strongest annual growth rate since January of last year.

Fortune

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The brutal 2023 housing market was just like the 1980s—except with a little bit of Global Financial Crisis thrown in

Millennials face a housing market a lot like their parents experienced—with a dash of their early adulthood added, for good measure.

Fortune

Homebuyer Confidence Soars as Loan Rates Plummet

Get ready to grab the housing market by the horns! US homebuyer confidence soared in December as more people anticipate falling loan rates. Exciting times ...

Top News

Average UK house price ended last year £4,800 higher than at end of 2022 – index

The typical UK house price in December 2023 was £287,105, up from £282,305 in the same month a year earlier, Halifax said.

The Independent UK

There’s a flicker of life in the housing market as average mortgage payments plummet nearly $400 over 2 months and buyers start to stir again, Redfin says

The median mortgage payment fell 14% to $2,361 in December from a record high in October, when mortgage rates hit a 23-year peak.

Fortune

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Britain’s housing market may be ‘past peak pain’ but what will 2024 bring?

Second year of falling prices expected though recovery is likely in the second half as interest rates come down

The Guardian - UK

A $55k Falling Down Shack In Victoria Was One Of Australia’s Most Viewed Properties In 2023

One of the most clicked on "bargain" house listing in Victoria in 2023 was a run down hovel in Beulah, and if that doesn't sum up the housing market I don't know what does.

Pedestrian.tv

The dean of NYC’s housing market dissects a puzzle: Manhattan’s record-high number of all-cash home sales. He sees good news ahead on mortgage rates

Master appraiser Jonathan Miller has been tracking the value of Manhattan real estate every week for 40 years, and he’s never seen it quite like this before.

Fortune

Zillow’s chief economist published a New Year’s ‘Housing Market Resolutions’ list. It reveals just how bad the situation is

From the lock-in effect, to the housing shortage, to mortgage rates and more—here’s what Zillow’s chief economist is wishing for in this year’s housing market.

Fortune

Mortgage Demand Drops At 2023's Close With Hopes For Recovery In 2024

The demand for mortgages dropped by nearly 10% in the final week of 2023, signaling a housing market that is still recovering entering 2024.

International Business Times

Iceland's booming tourist industry and hot housing market is leaving locals out in the cold

Increased tourism, which accounts for about 6% of Iceland’s GDP, has meant a greater demand for workers and therefore, a greater need for housing.

Fortune

Why you may not be able to get on the housing ladder or buy a bigger home in 2024

Five million more UK households could feel the effects of recent interest rate increases in coming years. Roughly the same number have already been forced to remortgage since the recent spate of rate rises began in 2021, according to the Bank of England’s latest Financial Stability Report. These borrowers have…

The Conversation

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Fortune

How 4 people met their match in 2023 with the least affordable housing market in decades

Many renters and would-be buyers were left frustrated by this year’s housing market.

Top News

Mortgage Payments Soften, Existing Home Contracts Remain Unchanged

Is the housing market losing some steam? Contracts to buy existing homes remain stagnant as mortgage payments begin to wane, says the NAR.

StockNews.com

2024 Buy or Hold Real Estate Stocks?

Despite the persistence of high property prices and tight inventory levels, cooling mortgage rates may incentivize prospective homebuyers to kick-start their property search, suggesting the housing market might be bouncing back. To that end, let's explore whether to buy or hold real estate stocks CBRE Group (CBRE), Hang Lung Properties…

Fortune

A new American era of housing haves and have-nots occurred this year

This year’s housing market was clearly “riddled with winners and losers,” Zonda’s chief economist, Ali Wolf, told Fortune.

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Fortune

Millennials, don’t hold your breath: 2024 probably won’t be your year to break into the housing market, either

The difficulty of saving up for a down payment, elevated mortgage rates, and high home prices top the list of troubles.

Top News

Price Surge: US Housing Market Booms, Annual FHFA Report Reveals

FHFA reports annual increase in home prices in the US, signaling a robust housing market. Find out the latest trends in the real estate sector.

Fortune

Housing market experts split on whether the ‘silver tsunami’ of baby boomer downsizing will happen in 2024

Baby boomers hold the largest share of housing wealth, at $18 trillion. What's going to happen to it?

Fortune

The housing market is being haunted like Scrooge this holiday season as Fortune 500 chief economist sees 'housing market of Christmas past' settling in for 2024

Housing market of today mimics that of the 1980s, First American chief economist Mark Fleming says

Top News

Home Sales Plummet to Record Low, Economy Feels the Sting

US new home sales hit a snag in November, dropping to a one-year low. The housing market navigates a challenging landscape amidst the pandemic.

The Independent UK

Cash buyers have accounted for around a third of home sales in 2023 – Zoopla

People buying homes without a mortgage are often older, wealthier and buying cheaper properties.

Top News

Builders Boost Construction as Mortgage Rates Decline & Demand Rises

Homebuilders are revving up construction as mortgage rates decrease, sparking hope for a rebound in the housing market next year.

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