The Latest Breaking News from Housing Market

"The ship just feels like it's being steadied; even though it's still tough, it’s easier to understand.”

PHILADELPHIA — Over the last two months, Darlene E. Jamison, team leader of the RE/MAX-affiliated Jamison Team, has been sending more texts and making more calls. She and her husband, Kevin, are "planting the seeds" by asking past clients to keep them in mind for future moves and trying to…

House prices for buyers have started to fall, while housing rents have reached record highs

The housing market is still feeling the effects of September’s mini-Budget

The housing market is still feeling the effects of September’s mini-Budget

"Once you start the process of prices falling nationally, there is a self-fulfilling momentum to it because no one wants to catch a falling knife" says Diane Swonk, chief economist at KPMG.

On balance, agents expect the market to soften in the coming quarter

It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both buying activity and purchase prices. Yet, with inventory…

With rising interest rates, there are growing concerns that the current housing market downturn may last through 2023, and a residential real estate brokerage is getting ahead of the curve by laying off 13% of its staff.