The Latest Breaking News from Realtorcom

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.

Home listings increased for the first time since June 2019, according to Realtor.com data, suggesting the U.S. housing supply hit a turning point last month.

The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two major lenders.

America’s housing market has grown increasingly frenzied, and prices are out of reach for many buyers, especially first-timers

Mortgage rates are continuing their upward motion while potential homebuyers and sellers face a shifting housing market and the affordable housing sector welcomes a well-known new participant.

After dozens of showings and 22 offers in one day, a Northeast Philadelphia rowhouse left the market after two days. The house was listed at $175,000 — a popular price point. The winning bidder will pay more than $210,000.

The latest data news from the housing market included new records being achieved in single-family home and condominium sales, the 30-year fixed-rate mortgage crashing through the 4.5% level, and a warning from a prominent industry economist on the potential for a recession created by the Federal Reserve.

Despite reports of an influx of out-of-towners, Miami-Dade County lost population since the summer of 2020, according to new U.S. Census data.