The Latest Breaking News from Housing Market

As the U.S. housing market continues to cool, a growing number of forecasters say homeowners could soon experience significant price declines. These analysts look at the record run-up in home prices during the COVID pandemic and say a drop of 20% or more looms in the near future.

"The ship just feels like it's being steadied; even though it's still tough, it’s easier to understand.”

A long-dreaded nightmare might be coming true for the housing sector.

House prices for buyers have started to fall, while housing rents have reached record highs

The housing market is still feeling the effects of September’s mini-Budget

The housing market is still feeling the effects of September’s mini-Budget

"Once you start the process of prices falling nationally, there is a self-fulfilling momentum to it because no one wants to catch a falling knife" says Diane Swonk, chief economist at KPMG.

On balance, agents expect the market to soften in the coming quarter

It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both buying activity and purchase prices. Yet, with inventory…