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The Latest Breaking News from Housing Market

Country Garden’s losses fan worst fears on China property market

BEIJING: Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese developer is on the brink.

The Times of India

Average long-term US mortgage rate climbs to 6.96% this week, matching highest level this year

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

The Independent UK

This millennial pastor and breadwinner got priced out of the housing market after a brain tumor forced him to sell. He can only get back in by splitting a mortgage with his in-laws

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

Fortune

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Will China’s Property Crisis Worsen?

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...

Barchart

Fannie Mae CEO: ‘Housing today is a tale of two markets. We need to make it work for everyone’

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

Fortune

The housing market's seller strike is so ruthless that only 7 of the nation's 200 largest markets are back to pre-pandemic inventory levels

Among the 200 largest housing markets tracked nationwide, 193 markets exhibited inventory levels in July 2023 that were lower than those of July 2019.

Fortune

Average UK house price fell by nearly £1,000 month-on-month in July – Halifax

The typical UK home cost £285,044 in July, down from £286,011 in June.

The Independent UK

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10 housing markets up the most—and 10 down the most

The best way to describe the housing market over the past year: bifurcated.

Fortune

Indiana Tops Summer 2023 Emerging Housing Markets List

Three Indiana metro areas lead the recent Summer 2023 Emerging Markets Index from Realtor.com.

Kiplinger

July Housing Squeeze Fueled By Inventory Decline

Housing market struggles continue this summer as inventories and home prices slide, mortgage rates rise, new survey shows.

Kiplinger

Housing market head fake? Boise slips back into correction-mode

Recently published data from Freddie Mac suggests that Boise's spring bounce might indeed be a head fake.

Fortune

The mortgage rate shock regains bite just as the housing market enters into the seasonal soft window

On Tuesday, the average 30-year fixed mortgage rate ticked up to 7.13%.

Fortune

Rising UK interest rates force homebuyers to take on longer mortgages

Builder Taylor Wimpey says Bank of England stance has weakened housing market

The Guardian - UK

Wall Street opens in the red amid global market rout after US credit downgrade – as it happened

Global stock markets tumble after Fitch downgrade; US ADP jobs report much stronger than expected

The Guardian - UK

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Evening Standard

How to find the perfect family-sized home — with good schools, parks and activities for kids on the doorstep

Even in a wobbly housing market, a great family property is an easy sell. From work-from-home offices to room for a growing brood, here’s what to look for in a forever home

The Guardian - UK

UK recession fears swirl as factory output falls and house prices slide – as it happened

Nationwide reports average house prices fell 3.8% in year to July, biggest annual drop in 14 years, while manufacturers suffer worst month of 2023

Fortune

AEI makes a bold housing market call that U.S. home prices will jump 6% in 2023 and another 7% in 2024

At the heart of this upward revision is the persistent issue of limited housing supply.

Evening Standard

Rise in mortgage approvals offers hope for housing

“Write the housing market off at your peril,” one estate agent said

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news in one place.

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The Canberra Times

Good news for house hunters buying in Canberra

Stability has returned to the housing market, experts say.

Fortune

Zillow: Student loan borrowers had 3.5 years without payments, yet many still can’t afford to break into the housing market

The savings accrued from over three years without having to pay student loans still isn’t sufficient to cover a down payment.

Fortune

The ‘Bank of Mum and Dad’ gives millennials a 10-year boost over their peers

It’s compounding the existing wealth gap in a housing market where prices have risen steeply and mortgage rates have soared in recent years.

Barchart

Where are Home Prices Headed for the Remainder of 2023 and Beyond?

After peaking during the pandemic, housing sales have slowed but prices remain elevated. Where is the housing market headed?

Fortune

Housing market deep freeze: The Fed successfully froze U.S. home prices for one year

Between May 2022 and May 2023, U.S. home prices fell 0.5%—compared to the 19.9% uptick from May 2021 to May 2022.

Fortune

Robert Shiller predicted the 2008 bursting housing bubble. Here's his latest housing market call

Shiller: "It has been growing since 2012, it has been about 10 years of steady growth in home prices. But it may be coming to an end"

Fortune

The housing market's 'lock-in effect' is very real—just look at this map

"Financing these at 3% [mortgage rates] then jumping rates to 6% is the same as burning them [the homes] down from a supply perspective"

1 … 26 27 28 29

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