The Latest Breaking News from Home 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.

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

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

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

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

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

“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.

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.