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The Latest Breaking News from Home Prices

If you thought you could afford a home in Midwest and Sunbelt cities, you’re wrong

An analysis of Census data confirmed that the housing crisis is spreading inland from the coasts.

Fortune

Homeowners are sitting on more than $35 trillion in equity

The value of all homes owned is more than double what it was a decade ago.

Fortune

Australia’s housing crisis may be starting to ease as home prices fall in four capital cities

New data also shows auction figures softening while rent rises are at their slowest pace in years

The Guardian - AU

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In a week of back-to-back housing data, here’s what you need to know

Breaking down mortgage rates, sales, and home prices.

Fortune

Miami is at risk of a housing bubble

“Miami now shows the highest bubble risk among the cities in this study,” UBS said.

Fortune

Retirement Investment In Volatile Times: Insights From Experity Wealth

The Fed's tightening has had a ripple effect across the economy, slowing down housing demand and cooling the tech sector, which had seen explosive growth during the pandemic.

Latin Times

A triple threat stalks the housing market as rates, costs, and election anxiety collide

Oh, and of course, home prices are still skyhigh.

Fortune

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What housing plans do US presidential candidates Trump and Harris offer?

Since 2020, average US home prices are up 50% while wages have risen 23%, making home purchases out of reach for many.

Al Jazeera

With the Fed Rate Cut, Should You Sell Your House Now or Wait?

Interest rates are starting to come down as the Federal Reserve shifts course. Is it time to think about selling your house?

Kiplinger

Home prices almost never go down

There are only two eras in recent history when home prices declined in America.

Fortune

'Tired trope': most voters open to lower home prices

Australia's housing affordability mess has most voters in favour of lower prices and backing tax reform and other policy interventions to ease pressures.

AAP

Americans Face 'Most Unaffordable Housing Market In History': Case-Shiller

Home prices in the U.S. showed a notable increase in June.

International Business Times

Texas must build hundreds of thousands of homes to lower housing costs, says state comptroller

Texas needs hundreds of thousands more homes than it has, per one estimate. That shortage has driven up home prices and rents.

The Texas Tribune

The outlook for home prices has zig zagged dramatically again

According to Freddie Mac's latest forecast, home prices will rise 2.1% in 2024 and 0.6% in 2025.

Fortune

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International Business Times UK

Elon Musk And Critics Say Kamala Harris' $25K Payment For First-time Homebuyers Is 'Perfect Formula For Inflation'

Harris' signature housing policy calls for up to $25,000 in federal down payment assistance for first-time homebuyers who have paid their rent on time

AAP

Hey big spender: home prices soar in Olympics host city

The launch of an eye-watering penthouse development targeting ultra-wealthy buyers is a sign of the times in one of Australia's hottest real estate markets.

Fortune

Barbara Corcoran: Buy a home now; don't wait for a Fed rate cut

The self-made millionaire sees home prices rising once mortgage rates fall further.

Fortune

Renter households surged at triple the rate of homeowners

In June, rents were 23% higher than before the pandemic, while mortgage payments were up 90%, according to Redfin.

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news in one place.

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Fortune

Sunbelt boomtowns are cooling off, but the sun-soaked region will reclaim its hot status

More than 2 million single-family homes have been built in the South since January 2021, more than four times the number completed in the Northeast, according to a Capital Economics economist.

The Independent UK

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February

The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices

Fortune

Gen Z and millennial homeownership rate plummets to 4-year low

But while the younger group saw their homeownership rate fall, some older generations saw theirs rise.

The Guardian - AU

Adelaide home prices could soon surpass Melbourne as Victorian capital slumps

Fall of 4.4% since peak in 2022 bucks broader trend, PropTrack finds, with national real estate prices 6.3% higher than a year ago

Fortune

Housing bust forecaster ‘Poison Ivy’ Zelman warns: Affordability grind isn’t going away anytime soon

While she sees further home-price deceleration and a dip in mortgage rates, Zelman says cost is the biggest risk to the housing market.

Fortune

The ultrarich are scooping up mansions while almost no one else can afford a typical home

Luxury-home prices rose more than twice as fast as those of non-luxury homes, and still their sales jumped compared with typical homes, according to Redfin.

The Independent UK

US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices

Sales of previously occupied U.S. homes fell in June for the fourth straight month as elevated mortgage rates and record-high prices kept many would-be homebuyers on the sidelines

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