The Latest Breaking News from Home Prices

Zillow Cuts Estimate For Home Prices In 2023

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

International Business Times · Nov 27, 2023

The housing market is crazy expensive, but 'an improvement in affordability that we have only seen a handful of times over the past ~35 years’ is coming, says Morgan Stanley

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

Fortune · Nov 20, 2023

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 · Nov 20, 2023

Housing affordability is so strained that 1 in 5 couples ask for down payment cash on their wedding registry. Your friends and family would rather give you cash to go to Mexico

Home prices are soaring, and down payment funds are becoming popular wedding registry items. But couples receive more on average asking for a honeymoon.

Fortune · Nov 5, 2023

Home prices in 7 cities just reached all-time highs on the back of a blistering 7-month run for the housing market—and the Midwest is the big winner

It's good to own in Detroit and Chicago right now, but not so much in San Francisco and Seattle.

Fortune · Nov 2, 2023

Housing rebound eyes new mark but rates threat looms

National home prices are about to hit a fresh peak in October, though the pace of growth is starting to slow.

AAP · Oct 31, 2023

The housing market is headed back to a 1980s-style recession, Wells Fargo says—and it's all because of 'higher for longer' mortgage rates

“The residential sector now appears to be contracting alongside the recent move higher in mortgage rates,” the bank’s economists wrote.

Fortune · Oct 30, 2023

Goldman just dropped a housing market forecast for 2024 and sees high home prices, high mortgage rates—and the lowest number of existing home sales since the early ’90s

The bank expects supply to remain tight but high rates to weigh on affordability, it predicted in its updated 2024 housing outlook.

Fortune · Oct 24, 2023

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 · Oct 23, 2023

Zillow revises its 2024 home price forecast downward for second month in a row. Here’s why

Are we on the brink of a "housing recession" as existing home sales plummet to 2010 levels? Zillow is doubling down on its prediction on home prices.

Fortune · Oct 21, 2023