The Latest Breaking News from Home Prices

Renters today may be completely locked out of the market, but many big-city buyers who bought last year now owe more than their home is worth

Redfin expects home prices to fall 1% in the second and third quarters of next year and be flat in the first and last quarters, per its 2024 housing market forecast.

Despite 13 interest rate rises since May property prices are still on the up.

The housing market downturn of last year has been completely unwound, but the pace of growth is slowing.

Relocating? What are the best states to live in? New Hampshire and Wyoming lead the list with the best mix of jobs, home prices, quality of healthcare and more, study shows.

Camden, New Jersey, saw a 10.6% increase in home prices this past year, the biggest nationwide increase. El Paso, Texas (10.3%), and Syracuse, New York (9.6%), followed.

Morgan Stanley forecasts a 3% drop in home prices next year—just half of the 6% price increase this year.

High mortgage rates and the increase in the inventory of homes for sale are putting downward pressure on prices.

“The evolution of the U.S. housing market has been Herculean or devastating depending on where you look,” the strategists wrote in their forecast.

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.

“For those homebuyers who can wait, the spring will bring more new listings and lower mortgage rates," Bright MLS chief economist Lisa Sturtevant said.