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The Latest Breaking News from Housing Market

Mortgage rates have been falling for weeks as inflation fades—but the housing market may still struggle with affordability and high home prices

“For those homebuyers who can wait, the spring will bring more new listings and lower mortgage rates," Bright MLS chief economist Lisa Sturtevant said.

Fortune

Stocks Fall Back on Disappointing Earnings from Cisco and Walmart

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.31%. Stocks this morning are mildly lower on some disappointing...

Barchart

Four in five Australian housing markets in growth mode

The rebound in home prices has reached most parts of the country although the pace of growth varies across cities and regions.

AAP

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Lower inflation may be the hammer that cracks the unaffordable housing market for would-be homebuyers

Inflation slowing to 3.2% last month means home shoppers may benefit from stabilizing consumer prices and cheaper mortgages, if the Fed cuts interest rates.

Fortune

Housing innovation in the Hunter from the ground up

'With an increasingly unstable, inaccessible and unaffordable housing market it doesn't take much to go wrong for someone to find themselves homeless or at risk of homelessness'

Newcastle Herald

Mortgage-free and not moving: the London boroughs where outright home ownership has soared

More than half of owner-occupied London properties have no outstanding debt, putting the housing market at risk of stagnation

Evening Standard

Millennials are replaying their parents’ housing market journey as first-time buyers in their 30s flood into an unaffordable market

First-time buyers make up 32% of all home buyers, the National Association of Realtors says—up from last year’s historic low of 26%.

Fortune

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This chart shows why millennials, the biggest generation in American history, will keep housing prices sky-high for years to come

“The crux of the issue is supply,” says Ned Davis Research. Too many millennials chasing too few homes leads to housing market inflation.

Fortune

The cracks in the housing market are growing larger. But beware the all-cash buyer

Mortgage rates are down slightly, the number of homes for sale is up, and sellers are dropping their asking price, according to a new Redfin report.

Fortune

The ‘silver tsunami’ is about to hit the housing market—but millennials and Gen Zers may not come out any better in the wash

Just over half of people aged 50-plus are set to downsize in the next two years.

Fortune

Five Housing Markets On the Rise

Study shows homes in five markets are going under contract in less than two weeks, despite a broader national housing market slowdown. Which cities are bucking the trend and why?

Kiplinger

UK housing market is past its ‘peak pain’, declares Savills

Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025

The Guardian - UK

UK interest rate cuts expected in 2024; German recession risks rise as factories struggle; oil price drops – as it happened

The yield on UK government bonds drops as the City expects interest rates cuts next summer, as German factory output falls again

The Guardian - UK

The housing market is starting to crack—Sellers are cutting prices at record levels as 'You can no longer price based off of where sales were'

Nearly 7% of sellers posted price drops in October, Redfin says—well above the 3.6% average.

Fortune

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The Guardian - UK

Gazunder alert! How the UK’s house buyers are forcing sellers to slash prices

As the housing market stagnates, buyers are making the most of their new power. One in three vendors has been asked to accept less money after a deal has supposedly been struck

Fortune

Mortgage rates are dropping fast after a shock jobs report set off a series of dominoes on Wall Street—The housing market can thank Detroit's striking auto workers

To all the homebuyers dreading the toxic mix of low inventory and 8% mortgage rates, how does a cooling economy and a 7.4% rate sound?

The Independent UK

The average long-term US mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row

The average rate on the benchmark 30-year home loan fell slightly this week, ending a seven-week climb —- modest relief for prospective homebuyers grappling with an increasingly unaffordable housing market

Fortune

Home prices in 7 cities just reached all-time highs on the back of a blistering 7-month run for the housing market—and the Midwest is the big winner

It's good to own in Detroit and Chicago right now, but not so much in San Francisco and Seattle.

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Evening Standard

Bargain hunters put a floor under house prices

It is hard to reconcile the somnolent levels of activity in the housing market with today’s surprise uptick in house prices in October.

Evening Standard

UK house prices up almost 1% since last month but mortgage approvals plunge

Just 43,300 mortgages were approved in September, 30 per cent less than the monthly average in 2019

Fortune

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward

This ‘crucial milestone’ that signifies financial stability will be lost on new homeowners for more than a decade.

The Independent UK

UK house prices increased by 0.9% month-on-month in October, says Nationwide

The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.

Evening Standard

House prices surprise with 0.9% increase in October says Nationwide

Housing market more resilient than feared despite the impact of 14 interest rate hikes

The Conversation

Why it's so hard to be young in Britain right now

If you’re taking the first steps in your career right now, you’re doing so in the face of a high cost of living and an increasingly inaccessible housing market. You may well be facing the reality that you will be worse off than your parents’ generation.

Kiplinger

Rental Market Will Slow Through 2023: The Kiplinger Letter

Expected growth in the rental market is likely to remain slow for the rest of the year amid a slow housing market and cooling economy.

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