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The Latest Breaking News from Home Prices

Home Prices Down, Sales Up

Good Morning Everyone! Remember, no one gets rich panic selling.

Benzinga

Buyer’s remorse, agent bonuses take hold as higher interest rates change homebuying

Some of the nation’s largest homebuilders are lowering prices, providing discounts and pulling out of land deals as higher mortgage rates on top of already sky-high home prices continue to take a toll on buyer affordability.

Tribune News Service

US home sales slipped, prices grew more slowly in August

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising home prices made homebuying less affordable

The Independent UK

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Southern California's housing slowdown shows in August home prices

The Southern California median home price remained unchanged in August from the previous month as rising mortgage rates made houses even less affordable for many people.

Los Angeles Times

Falling Home Sales Send Shock Waves Through Home Retailers And Flippers: How Bad Could It Get?

As mortgage rates topped 6%, for the first time since the 2008 financial crisis, new home buyers are being squeezed on multiple fronts since elevated home prices, interest rates, and rising inflation are adding to everyone's bottom line.

Benzinga

Cardi B Delivers Perceptive, Profanity-Laced Analysis of High Home Prices, Rents

The rapper blamed a lack of "motherfucking inventory" for high home prices and rising rents in low-income neighborhoods. She's not the only one.

Reason

How much will a house cost by 2030? Predictions and tips to start saving

Just 17 percent of Americans believe it’s a good time to buy a home, according to a recent survey from Fannie Mae. Between higher mortgage rates, still-high home prices and broader inflationary pressure, putting off buying a home might be the only option for some. What happens if you wait,…

Tribune News Service

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Texas’ housing market shows signs of cooling down after the pandemic drove it to new heights

Texas had more houses on the market in July than any time since late 2020 as home sales declined in the state’s major metros. Sellers have had to cut prices to entice buyers.

The Texas Tribune

Selling a Home? The D.C. Down Payment Assistance Program Will Give You Up to $202,000.

The city's expanded down payment assistance program is a recipe for increasing home prices.

Reason

Glenn Youngkin Says NIMBY Regulations Are Making Virginia an Impossibly Expensive Place To Live

The governor blamed local restrictions on new development for the state's rapidly rising rents and home prices.

Reason

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

The U.S. housing market may be starting to slow down, but it is still hot. Double-digit appreciation is commonplace. Many sellers are still giddily sifting through multiple offers, and frantic buyers continue to pay more than asking prices — sometimes by $100,000 or more.

Tribune News Service

Commentary: Who’s to blame for the priciest housing in history?

With so much attention fixed on soaring prices for gasoline and groceries, one can almost overlook the fact that we’re also enduring an affordable housing crisis. The question is, why?

Tribune News Service

Remote workers pushed up incomes and home prices in these cities

Pandemic migration has reshaped many regions of the country.

Axios

1 Residential REIT to Buy and 1 to Sell

REITs are considered excellent inflation-hedging investments due to their ability to benefit by increasing rents in an inflationary environment. Moreover, residential REITs have benefited from soaring home prices and mortgage rates. Thus, we believe it could be wise to buy quality residential REIT Daiwa House (DWAHY), which possesses robust financials.…

StockNews.com

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ABC News

Australian house prices set to drop further as interest rates surge. Here's a round up of what's happening with property prices across Australia

Australian house prices are dropping at their fastest pace since the global financial crisis, data shows. Here's what's happening in your capital city.

Benzinga

How The Stock Market Affects Real Estate Investments

When someone is investing their money or planning to invest it for at least some time, they usually look at the options of buying real estate or stocks. Some might choose to concentrate on either the housing market or on buying stocks while others choose to diversify their investment and…

StockNews.com

4 Real Estate Stocks to Sell as Home Sales Fall

The real estate sector has been badly affected due to falling home sales amid rising interest rates and declining mortgage demand. Higher home prices and mortgage rates have taken a toll on consumer demand. Given this backdrop, we think it could be wise to avoid real estate stocks Fathom Holdings…

Tribune News Service

Bay Area home prices see largest May-to-June drop on record

The Bay Area’s once-scorching pandemic housing market continued to cool in June, with home prices plunging to the largest monthly drop for this time of the year in at least three decades.

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The Independent UK

LOCALIZE IT: Mortgage rates up, applications down across US

EDITORS/NEWS DIRECTORS:

Bangkok Post

Singapore home prices continue to climb, but market may finally cool

Singapore home prices climbed at a faster pace in the second quarter, but the momentum may be threatened by concerns over the rising cost of living and higher interest rates.

The Independent UK

Housing market chills as mortgage rates, prices scare buyers

Rising mortgage rates have combined with already high home prices to discourage would-be buyers

Bangkok Post

Global Housing Boom Fades as Interest Rates Climb

Rising interest rates are slamming the brakes on a global housing boom that spread far beyond the U.S. during the pandemic, heaping extra pressure on central banks as they try to tame inflation without triggering deep downturns in their economies.

Los Angeles Times

Southern California home prices and sales dropped in June, signaling a slowdown

LOS ANGELES — Southern California home prices and sales edged lower in June from the month before, adding to the pile of evidence that the housing slowdown is starting to pull home values lower.

Tribune News Service

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

With another dismal inflation report in for June, homebuyers and sellers continue to face the harsh reality that home prices — which were cued to cool down this year — might not slow for some time. The question for house hunters now: Should you wait out this period of elevated…

WEKU

There's a massive housing shortage across the U.S. Here's how bad it is where you live

Hundreds of cities and towns are seriously short of housing, both homes to buy and rentals, according to a new study. It's the main reason that home prices and rents are so high.

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