The Latest Breaking News from Housing Market

The U.S. housing market is facing a seismic shock. Mortgage rates skyrocket to levels not seen in over two decades.

Housing affordability, as monitored by the Atlanta Fed, has already deteriorated beyond the levels seen at the housing bubble's peak in 2006.

Berkshire Hathaway bought shares in Alphabet, pared its Apple stake and remained cautious on stocks in Q3.

Baby boomers continue to dominate the U.S. housing market.

Berkshire Hathaway disclosed its investments in three major U.S. homebuilders: D.R. Horton, Lennar, and NVR.

The average long-term U.S. mortgage rate rose this week to just under 7%, the latest setback for would-be homebuyers already facing affordability challenges due to a housing market limited by a shortage of homes for sale

"I kid you not—there were zero affordable homes" says Stephen Drew.

China’s Country Garden Holdings, one of China’s largest private-sector property developers, is late on delivering coupon payments on its debt, sparking fears the company could soon default. The company failed to pay coupon payments due Monday. Country Garden Holdings owes $10.5 million of interest on a dollar bond that matures...

Depending on your situation, the housing market is either working–or it isn’t.