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The Latest Breaking News from Housing Market

Home sellers go on strike

Here's inventory data for the nation's 400 largest housing markets.

Fortune

Housing market correction weakens—where 7 revised forecast models see U.S. home prices going from here

As the housing market moves into its busier seasonal period, the correction is losing steam. Some markets are rising again.

Fortune

Housing market 'completely altered' as first quarter prices fall for the first time in decade

'The invasion of Ukraine and the associated shift in macroeconomic conditions, especially the rise in inflation and in interest rates, has completely altered conditions in the [housing] market'

Dublin Live

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The U.S. housing market is holding up the best in the global correction—here's how far Goldman Sachs see global home prices falling

Goldman sees U.S. home prices having their second-biggest decline since World War II—but it's not even close to the Great Recession

Fortune

US new-home sales unexpectedly rise, showing some stabilization

Sales of new U.S. homes unexpectedly rose in February after a downward revision to the prior month, suggesting the housing market is beginning to stabilize after a tumultuous year.

Tribune News Service

The slumped housing market reaches a critical juncture

The new construction market is thawing—just look at builder cancellation rates.

Fortune

London house price growth slows while rents record greatest increase since 2013

London house prices increased by 3.3 per cent in the year to January, which is down from the 5.9 per cent annual growth seen in December 2022.

Evening Standard

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Smashed avocados not to blame for housing crisis

Cost cutting isn't enough for young people on a moderate income to break into the housing market, with many hoping for help from "the bank of mum and dad".

AAP

The post-COVID crisis hit Queensland hardest. With 100,000 households needing low-cost housing, here's how it can recover

Pandemic-generated pressures have left our rental housing market reeling. Australia-wide, vacancy rates are at rock-bottom levels. Rents are soaring at record rates.

The Conversation

A bifurcated housing market: Average Idaho homeowner sees equity decline by $21K while typical Florida homeowner gained $49K in 2022

Even as the housing slump sees national home prices come down a bit, most homeowners are still up big-time.

Fortune

Average long-term US mortgage rates come back down to 6.6%

The average long-term U.S. mortgage inched back down this week after five straight weeks of increases, good news for homebuyers as the housing market’s all-important spring buying season gets underway

The Independent UK

Budget 2023: Why Jeremy Hunt ‘missed a trick’ in ignoring the property market

Unusually, the Spring Budget did not contain any housing market announcements

Evening Standard

Will The Housing Market Crash?

The housing market is something that concerns us all, whether we are homeowners or aspiring buyers. In recent months, there has been a lot of speculation about whether the housing market will crash, and what this would mean for our economy. While no one can predict the future with certainty,…

inkl

Housing market stares down 2 shifts in the wake of SVB's collapse, says Zillow

Zillow chief economist gives two predictions for how the shutdown of Silicon Valley Bank could impact the housing market in 2023.

Fortune

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Evening Standard

Budget 2023: How to fix London’s ‘toxic’ housing market — the changes Jeremy Hunt should have made

The capital is unaffordable, precarious and joyless for too many people, mostly thanks to our dysfunctional housing provision. London’s eminent property experts tell us how to fix the market

Fortune

The home price correction's latest shift, as told by 6 housing market charts

Here's data for the nation's 400 largest housing markets.

Bangkok Post

Developers focus on more US rate hikes

Developers are more worried about the impact on the housing market of future interest rate hikes by the US Federal Reserve than they are about the sudden collapse of Silicon Valley Bank (SVB).

Tribune News Service

Mortgage rates keep climbing as economy grows. What home buyers and sellers should know

The housing market is on the fritz – again.

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Fortune

Western housing markets—the epicenter of the home price correction—brace for another hit as Silicon Valley Bank’s collapse signals more tech pain

If tech layoffs continue to mount, it could keep housing markets out West in correction-mode.

ABC News

Toowoomba housing market remains strong as rising interest rates fail to deter buyers

A tenth consecutive rate rise has done little to deter couples like Anisia and Nathan from owning their own home in Toowoomba, where prices remain 30.4 per cent higher than at the onset of COVID-19.

Evening Standard

Dark clouds over construction sector despite GDP growth, as building work slips to 11-month low

The UK building sector had its worst month in almost a year, but there may be signs of greater resilience in the London housing market

Fortune

CoreLogic and KPMG make bold housing market calls

CoreLogic thinks U.S. home prices have bottomed, while KMPG expects a 2008-style decline in 2023.

Birmingham Post

Northern Ireland housing market continues higher despite inflationary pressures

Lack of new supply underpins

Birmingham Post

House buyer demand falls in Welsh housing market

But property professionals in Wales are less pessimistic about activity on a 12-month horizon

Fortune

Housing market slump brings back 2-1 mortgage rate buydowns

Homebuyers are looking for relief, and lenders are getting creative.

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