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The Latest Breaking News from Realtorcom

5 Cities Where Home Prices Have Actually Dropped in 2023

After years of rising real estate prices, we're finally seeing some markets come back down to earth. That's great for potential homebuyers - who should take a careful look at these five metro areas, where home prices have cooled off in 2023, despite sky-high mortgage rates.

Barchart

Rental market softening continues—It’s even cheaper to rent than buy in nearly every major market, report finds

“As rents ease and both home prices and mortgage rates continue to climb, it’s become more economical to rent than to buy in nearly all major markets,” Realtor.com’s chief economist said.

Fortune

Buyers—and sellers—need to prepare for mortgage rates nearing 8% and staying there indefinitely says a prominent chief economist

First American’s Mark Fleming says mortgage rates could get closer to 8%.

Fortune

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Top 10 Most In-Demand Housing Markets in the U.S.

New housing market data reveals the ten zip codes where in-demand homes spend the fewest days on the market.

Kiplinger

The housing market's seller strike is so ruthless that only 7 of the nation's 200 largest markets are back to pre-pandemic inventory levels

Among the 200 largest housing markets tracked nationwide, 193 markets exhibited inventory levels in July 2023 that were lower than those of July 2019.

Fortune

Indiana Tops Summer 2023 Emerging Housing Markets List

Three Indiana metro areas lead the recent Summer 2023 Emerging Markets Index from Realtor.com.

Kiplinger

A boom in apartment construction is helping to curb rents but not all renters will benefit

When viewed through a wide lens, renters across the U.S. finally appear to be getting some relief, thanks in part to the biggest apartment construction boom in decades

The Independent UK

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The housing market's 'lock-in effect' is very real—just look at this map

"Financing these at 3% [mortgage rates] then jumping rates to 6% is the same as burning them [the homes] down from a supply perspective"

Fortune

Home Down Payments Shrink Amid Affordability Squeeze

Home buyers are putting down smaller down payments as housing costs and interest rates rise.

Kiplinger

Housing advocates warn GOP spending plan would be 'disastrous'

Housing advocates are raising the alarm about House Republicans’ plan to dramatically cut the federal deficit to raise the debt ceiling

The Independent UK

Are you a first-time homebuyer? Here are expert tips to help you land the perfect place

Buying a house isn't easy, especially for the first time.

Tribune News Service

Home sellers go on strike

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

Fortune

The 10 Best Cities for New Home Seekers

New home data from Realtor.com shows an unconventional blend of cities leads the U.S. in home construction permits, promising ample future supply.

Kiplinger

Despite market slump, high rates dim homebuyer affordability

Homeownership is likely to remain a pipe dream for many Americans this spring homebuying season

The Independent UK

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Tribune News Service

In most US cities, homes still sell faster than before the pandemic

The typical U.S. home sold last month had spent 67 days on the market. For all the upheaval in housing, that’s still 20 days faster than in the years right before the pandemic, according to data released Thursday by Realtor.com.

Fortune

These 2 maps show the inventory situation in America's 400 largest housing markets

Do home buyers or sellers have the upper hand? Let's take a look.

Fortune

Where are home prices in America's 400 largest housing market headed in 2023? These 5 charts give us some clues

Buyers Vs. sellers: Let's take a closer look at inventory data in the nation's 400 largest markets.

Fortune

A 20% home price crash? These 7 forecast models can see it—where the other 13 leading models have the 2023 housing market going

Where 20 leading forecasters foresee home prices going in 2023.

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Tribune News Service

Signs of a slowdown in rent hikes but costs remain high

ATLANTA — After several years of paying ever higher rents, there are signs that the pace of apartment cost increases may be slowing.

Axios

Rents could finally be peaking

New data shows average rents declined in August for the first time in nearly a year.

Tribune News Service

Referral fees take a bite out of real estate agent commissions

When home buyers provide their contact information on real estate websites in order to reach an agent, it's worth more than they may realize.

The Denver Post

Denver housing market pendulum swinging quickly toward buyers

Metro Denver’s housing market has quickly shifted from a strong seller’s market to neutral and could end up solidly in the buyer’s camp by the middle of next year, if not sooner, according to a new index from real estate financial tech firm Knock.

Los Angeles Times

Rents fell in some California metro areas; is a wider cooling trend ahead?

California, of all places, could provide some indication that the housing rental market is cooling.

Benzinga

Housing Beat: Mortgage Rates Creep Down, Inventory Expands And Who Wants A Vacation Home Anymore?

The U.S. housing market closed June with a decline in mortgage rates, a bump-up in pending home sales, a growing number of available properties for sale and an evaporating enthusiasm for vacation homes.

Benzinga

Housing Beat: Mortgage Rates Spike As Median Rental Housing Prices Break Records

This week in the housing and mortgage industries saw the continued rise of mortgage rates, the continued slump in existing home sales and rental housing costs reaching record-breaking highs.

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