The Latest Breaking News from Housing Market

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

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

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

Fannie Mae: "We are expecting a significant slowdown in [housing] starts later this year"

As baby boomers downsize and millennials finally enter the housing market, they are in direct competition for similarly priced and sized homes.

The housing market remained soft in April, a new report by the National Association of Realtors (NAR) shows. Sales of existing homes — previously occupied properties, rather than newly built homes — resumed their long downward slide. The number of sales in April was off 3.4% from last month and…

David Miles says working from home, stalling population growth and higher interest rates will shape market

Millennials are the largest generation in the U.S., and everyone has been expecting members of this massive demographic cohort to reshape the housing market. So far, however, it hasn’t quite happened.

Bidding wars. Lack of inventory. Offers above asking price. All characteristics of the hot local housing market, these trends are now also showing up in Chicago’s rental market.