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The Latest Breaking News from Home Prices

Regions hold up as city home prices dive

Regional home prices soared during the pandemic and are so far proving more resilient to interest rate shocks than metropolitan markets.

AAP

The Pandemic Housing Bubble is bursting, says KPMG

"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.

Fortune

The Pandemic Housing Bust rocks bubbly markets like Phoenix

Some markets have gone straight from Pandemic Housing Boom to Pandemic Housing Bust.

Fortune

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Housing market predictions: the forecast for the next 5 years

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…

Tribune News Service

Voters approved more money for affordable housing around the country

Skyrocketing rents and home prices have been a major part of voters' economic pain. New spending will go toward building and subsidizing more housing, and helping people avoid homelessness.

WEKU

The U.S. housing market to see second biggest correction of the post-WWII era—when to expect the home price bottom

In the third quarter of 2022, falling home prices erased a record $1.3 trillion in home equity. It isn't over yet.

Fortune

The Real Estate Markets Seeing The Biggest Downturns In Home Prices And Property Values

The only bad thing about the best parties is that no matter how good they were, the good times can’t go on forever.

Benzinga

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As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation

The latest data shows Australia's home prices are dropping at their fastest rate since the global financial crisis. Here's what's happening in your capital city.

ABC News

Australian home prices fall for six months in a row as interest rate rises bite

Home prices have been dropping over the past six months as the Reserve Bank of Australia has raised interest rates from a record low in May to curb red-hot inflation. And with interest rates set to keep rising, more falls are expected.

ABC News

Home prices fall for sixth month in a row

The home prices slump is starting to slow down but it may be premature to say the worst is over.

AAP

South Florida has a severe housing crisis. What is it like hunting for a new home?

The pandemic exacerbated a longstanding housing affordability crisis in Miami-Dade County, leaving newcomers and residents challenged to deal with historically high home prices and rents.

Miami Herald

Mortgage rates top 7% for the first time since 2002

LOS ANGELES — The cost of buying a home took another leap this week, as the average rate on the popular 30-year fixed-rate mortgage surpassed 7% for the first time since 2002.

Los Angeles Times

Housing market predictions for 2023

We’re rounding the corner on 2022 and quickly heading toward a new year. That makes this a perfect time to prognosticate real estate matters for 2023. With mortgage rates escalating higher, home sales — and, in some areas, home prices — hitting the brakes, and increased uncertainty felt throughout the…

Tribune News Service

This Real Estate Brokerage Believes The Residential Housing Market Is In Peril and 'Winter Is Coming'

Rising home mortgage interest rates, a lack of seller inventory and still high home prices have thrown the residential real estate industry and investment strategies into a tailspin.

Benzinga

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Tribune News Service

Inflation and the housing market: What you can do as prices spike

Inflation isn’t done with the American public yet.

Tribune News Service

Is the housing market about to crash? Here’s what experts are saying

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally is slowing. While demand and price gains are cooling, any correction is likely to be a modest one, housing economists and analysts say. No one expects…

Tribune News Service

Scott Burns: Young homeowners are in for a bit of a rude awakening

If you are young and have recently become a homeowner, we need to talk.

The Independent UK

US home sales fell in September for eighth straight month

Sales of previously occupied U.S. homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters grappled with sharply higher mortgage rates, rising home prices and a still tight supply of properties on the market

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Tribune News Service

Global housing market pain has echoes of a crash 30 years ago

When Covid sent the UK economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The temporary measure triggered a kind of mania among buyers, who responded by bidding up average prices by £31,000 ($35,000) — more than double the…

Tribune News Service

Sim beats Stewart in Vancouver election that hinged on housing crisis

Entrepreneur Ken Sim has unseated Kennedy Stewart as mayor of Vancouver, a city where runaway home prices and the cost of living have become pressing concerns among voters.

Los Angeles Times

Rising mortgage rates are sending home prices lower

For the first time in a decade, home prices in Southern California are definitively falling.

Tribune News Service

Home prices decelerating by record amount, according to new report

Could housing prices finally be coming back down to earth? Year-over-year home-price growth decelerated at a record-setting pace in July 2022. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released September 27, reports that price growth dropped by 2.3% from June to July — from 18.1% to 15.8%.

Kiplinger

Kiplinger Housing Outlook: Existing-Home Sales Fall Despite Lower Mortgage Rates

The housing market is in the doldrums, but subtle shifts are finally on the way.

Axios

The housing market is stuck

People expecting a big housing crash might not see it happen so fast.

The Independent UK

US home prices fall for the first time in a decade

Prices still up over 2021

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