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The Latest Breaking News from Housing Market

US Economy Reaches Turning Point As Inflation Surge Ends

Lael Brainard discusses the US economy's turning point and the impact of lower interest rates on housing market accessibility.

Top News

Almost a century after Virginia Woolf’s 'A Room of One’s Own' essay, women are driving the housing market

Woolf would be pleasantly surprised that today, women having a whole house of their own is not only commonplace but a key driver of the housing market.

Fortune

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

The Fed cut rates at its September meeting for the first time in four years, with more on the way. Is it time to think about selling your house?

Kiplinger

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Time to sell? House prices rise for first time in nearly two years

Housing market sentiment is improving following a modest decline in mortgage rates and growing buyer interest, Rics said.

Evening Standard

NSW declares war on red tape to fix housing crisis

More planning reforms are on the horizon for NSW as the Labor government attempts to clean out bureaucratic red tape that's delaying the supply of new housing.

AAP

Marc Vlessing: the modular homes mogul seeking a ‘renaissance of the British housing market’

The developer saw the need for small but well-designed flats, like those in his native Netherlands, for people priced out of London’s housing market

The Guardian - UK

The 15 Most Expensive Housing Markets in the US

Housing markets across the United States present a kaleidoscope of economic diversity, with prices that range from affordable to astronomical. The factors that contribute to these high costs are multifaceted, involving everything from economic ...

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10 Housing Markets That Could Benefit First as Mortgage Rates Drop

These are the top 10 metro areas where the most mortgages are unlocked by lower rates. Plus, the magic number for mortgage rates.

Kiplinger

30-Year Mortgage Rate Holds Steady At 6.35%

Explore the stable 6.35% mortgage rate in McLEAN, Va., offering favorable financing conditions for homebuyers in a resilient housing market.

Top News

Barratt profits plunge 75% as number of houses built slumps

Cost of living crisis, higher mortgage rates and weak consumer confidence weigh on housing market in past year

The Guardian - UK

Texas needs hundreds of thousands of new homes to lower soaring costs, comptroller warns

Comptroller report highlights the challenges Texas faces, including rapidly escalating home prices and a severe shortage of available housing.

Latin Times

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

‘Doing nothing is not an option’ – top economists back planning reform and public housing as fixes for Australia’s housing crisis

Top economists are unanimous in believing Australia’s housing market is in crisis.

The Conversation

US Housing Market Faces Affordability Crisis

Explore the complexity of the US housing affordability crisis, influenced by factors like rising rents, shortage of units, and high interest rates.

Top News

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The Guardian - UK

Drunk visitors, rocketing rents and homogenised cafes: living in Europe’s tourist hotspots

Locals say swelling visitor numbers are distorting housing markets and have changed their area’s character

Kiplinger

With Mortgage Rates Dipping, Is Now a Good Time to Buy a House?

When mortgage rates dip, timing may be everything.

Fortune

The trillion-dollar metro club just got bigger

The number of trillion-dollar metros doubled in a year, lifting the housing market’s value to an all-time high, according to an analysis from Redfin.

The National (Scotland)

Innovative strategy saves Mull's only pharmacist amid housing crisis

AN ISLAND pharmacist has been saved from homelessness through an innovative means of retaining property in the affordable housing market.

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Top News

Mortgage Rates Hit Lowest Level Since February, Easing Borrowing Costs

Mortgage rates decline, offering hope for homebuyers amidst housing market challenges. Stabilization and potential Fed rate cuts provide relief.

The Independent UK

Housing market ‘set for confidence boost following base rate cut’

Some experts said the Bank of England base rate cut from 5.25% to 5% will help to give confidence to home buyers and sellers.

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.

The Independent UK

First-time buyer nil-rate stamp duty threshold should be retained – Rightmove

The nil-rate threshold for first-time buyers is temporarily set at £425,000 and this is due to revert to £300,000 in spring 2025.

Top News

US Housing Market Slows As Prices Reach Record Highs

US housing market slowdown in sales but prices rise. Inventory increases, mortgage rates at 7%.

The Independent UK

US homes find fewer foreign buyers as rising costs and a strong dollar leave market in record slump

Sales of U.S. homes to foreign nationals have fallen to the lowest level in more than a decade, hampered by a strong dollar and many of the hurdles that have kept the housing market in a deep sales slump for over two years

Fortune

Home prices are still sky-high, but competition isn’t as fierce, as the frenzied housing market slowly rebalances

In some ways the housing market is beginning to feel more like it did before the pandemic.

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