The Latest Breaking News from Housing Market

Personal incomes would have to soar to make up for the higher home payments created by rising mortgage rates.

“Looking back at previous housing recessions, we think the 1980s are a better analogy for today's market than the 2008 housing crash,” BofA economists said.

Rolling coverage of the latest economic and financial news, as US non-farm payroll shows surge in hiring last month

US mortgage rates last week topped 7.5% for the first since November 2000 and applications for home purchases tumbled to a multi-decade low, illustrating a battered housing market.

Higher interest rates and potential recession fears drive major crypto market decline

Some prime London housing markets are benefitting from affluent buyers’ ability to buy with cash or low loan-to-value ratios, Savills said.

Despite turbulent market conditions and escalating interest rates, the long-term outlook for the housing market remains bright. Hence, it could be wise to scoop up the homebuilder stocks Five Point Holdings (FPH), Taylor Morrison Home Corporation (TMHC), and Sekisui House (SKHSY), trading under $50. Read more….

High interest rates blamed for year-on-year fall with price of average home £14,500 lower than September 2022.

John Lewis chair Sharon White will not seek second term at retailer, as Nationwide reports UK house prices fell 5.3% in year to September

The company is calling it a ‘de facto’ ban – and it could reshape the housing market in residents’ favour, says author Anna Minton

China’s housing oversupply is far worse than previously reported, the country’s former statistics bureau deputy head says.