The Latest Breaking News from Housing Market

During the record-breaking housing boom of the past two years, a drastic under-supply of homes for sale has bedeviled buyers and delighted sellers. Now, the squeeze is slowly easing — a shift that could mark the start of a much-anticipated cooling of the white-hot housing market.

The U.S. housing market showed unmistakable signs of stalling this week. Despite a decline in mortgage rates, mortgage applications and home sales were down while the cost of homeowners insurance was rising across most of the nation.

The billionaire founder of Amazon.com, Inc. (NASDAQ: AMZN) Jeff Bezos just made his second investment in the real estate investment platform Arrived Homes during the company's $25 million Series A round.

But rising mortgage rates will continue to put the squeeze on buyers.

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Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk's eclectic thoughts and views are usually on full display in his tweets. This time around, he shared his views on the housing market collapse.

Agents expect prices to continue higher in the coming three months

More homebuyers were taking out mortgages despite climbing rates while the tight housing inventory is showing signs of improving. Nonetheless, many homebuyers are not optimistic about the housing market’s near future.