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The Latest Breaking News from Housing Market

London flat costs just £650 a month - but there's a man in a tent in the living room

It is well known that the housing market in London is increasingly pricing out a lot of people from living in the capital, but one Brit has turned to a creative solution to afford it

Daily Mirror

Zillow: U.S. default would see mortgage rates top 8%, home sales plummet, and the housing market slip back into a 'deep freeze'

If the U.S. defaults, Zillow says, mortgage rates could reach 8.4% by September.

Fortune

Which US cities have the most competitive housing markets?

Three metro areas have some of the most competitive housing markets in the country, with both low supply and high demand.

USAFacts

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Average long-term US mortgage rate falls to 6.35% this week, lowest level in 5 weeks

The average long-term U.S. mortgage rate fell this week to its lowest level in five weeks, welcome news for house hunters looking for an edge as they navigate a housing market constrained by a near-historic low number of homes for sale

The Independent UK

Scottish housing market activity weakens - but prices still rise

Both demand and supply levels fell further into negative territory in the latest survey of surveyors

Insider UK

What to expect next from the housing market

Fortune rounded up revised home price forecasts from 9 major research firms.

Fortune

Scottish housing market holds up in the face of economic headwinds

Year-on-year house prices increased by 3.8%, while the overall number of transactions was down by 11%

Insider UK

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We are still on a path to widening inequality when it comes to housing. The budget doesn’t change that

The fault lines in our housing market are now so deep that only fundamental change will halt country’s slide into social desperation

The Guardian - AU

Skipton’s 100% mortgage for renters offers hope – but not without risk

Much depends on the housing market and there’s no agreement on how that’s faring right now

The Guardian - UK

The housing market slump saw builders rollout mortgage rate buydowns—here's when to expect the deals to disappear

As the housing market stabilizes will builders cut back on incentives?

Fortune

UK housing market fears as Marshalls and Purplebricks shares slide

Problems at landscaping supplier and online estate agent prompt share dips at housebuilders

The Guardian - UK

Annual UK house price growth hits 10-year low; China’s imports in surprise tumble – as it happened

UK house prices rose in annual terms by just 0.1% in April, the smallest increase since December 2012, mortgage lender Halifax reports

The Guardian - UK

'Attaining the American dream is becoming more challenging than ever' finds BofA's millennial housing survey

BofA: “While some Millennials could feel motivated to buy a home soon to get ahead of cost increases, others may stay out of the housing market due to affordability challenges.''

Fortune

'Quiet quitting' the U.S. housing market: One group of sellers has disappeared

Move-up buying has ground to a near halt.

Fortune

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The Independent UK

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.

Fortune

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.

The New Daily

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

Fortune

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.

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ABC News

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.

The Conversation

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 Guardian - UK

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

StockNews.com

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….

The Canberra Times

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

Canberra's housing market is falling hard and fast.

The Conversation

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…

Fortune

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.

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