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The Latest Breaking News from Housing Market

Millennials and homebuying: Real estate adapts to the largest generation

Millennials are the largest generation in the U.S., and everyone has been expecting members of this massive demographic cohort to reshape the housing market. So far, however, it hasn’t quite happened.

Tribune News Service

Chicago’s rental market is stabilizing but seeing some of the fastest price increases in the US

Bidding wars. Lack of inventory. Offers above asking price. All characteristics of the hot local housing market, these trends are now also showing up in Chicago’s rental market.

Chicago Tribune

The Big Squeeze: The housing market is so unaffordable that builders have no choice but to build smaller homes

“Fundamentally, every major housing market in the country is overpriced right now,” says Matt Saunders at John Burns Research and Consulting.

Fortune

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Housing market lacks lustre

The housing market will need to rely on foreign demand to stimulate growth, as domestic buyers are facing challenges in obtaining loans, evidenced by a decline in residential transfers in the first quarter of 2023.

Bangkok Post

Americans have had a sudden change of heart about buying a house, and only 1 in 5 think it's a good idea

At least 50% of Americans had confidence in the housing market for nearly 50 years, but that all changed the last two years.

Fortune

These 2 institutional giants went on home buying sprees during the Pandemic Housing Boom—now they're selling

Institutional investors, like American Homes 4 Rent and Invitation Homes, are pulling back from the U.S. housing market. At least for now.

Fortune

The housing market correction would regain new life if the U.S. defaults, says Moody’s chief economist

The U.S. Treasury could run out of cash as soon as early June. That could deliver a big hit to the housing market.

Fortune

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London flat costs just £650 a month - but there's a man in a tent in the living room

It is well known that the housing market in London is increasingly pricing out a lot of people from living in the capital, but one Brit has turned to a creative solution to afford it

Daily Mirror

Zillow: U.S. default would see mortgage rates top 8%, home sales plummet, and the housing market slip back into a 'deep freeze'

If the U.S. defaults, Zillow says, mortgage rates could reach 8.4% by September.

Fortune

Which US cities have the most competitive housing markets?

Three metro areas have some of the most competitive housing markets in the country, with both low supply and high demand.

USAFacts

Average long-term US mortgage rate falls to 6.35% this week, lowest level in 5 weeks

The average long-term U.S. mortgage rate fell this week to its lowest level in five weeks, welcome news for house hunters looking for an edge as they navigate a housing market constrained by a near-historic low number of homes for sale

The Independent UK

Scottish housing market activity weakens - but prices still rise

Both demand and supply levels fell further into negative territory in the latest survey of surveyors

Insider UK

What to expect next from the housing market

Fortune rounded up revised home price forecasts from 9 major research firms.

Fortune

Scottish housing market holds up in the face of economic headwinds

Year-on-year house prices increased by 3.8%, while the overall number of transactions was down by 11%

Insider UK

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The Guardian - AU

We are still on a path to widening inequality when it comes to housing. The budget doesn’t change that

The fault lines in our housing market are now so deep that only fundamental change will halt country’s slide into social desperation

The Guardian - UK

Skipton’s 100% mortgage for renters offers hope – but not without risk

Much depends on the housing market and there’s no agreement on how that’s faring right now

Fortune

The housing market slump saw builders rollout mortgage rate buydowns—here's when to expect the deals to disappear

As the housing market stabilizes will builders cut back on incentives?

The Guardian - UK

UK housing market fears as Marshalls and Purplebricks shares slide

Problems at landscaping supplier and online estate agent prompt share dips at housebuilders

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The Guardian - UK

Annual UK house price growth hits 10-year low; China’s imports in surprise tumble – as it happened

UK house prices rose in annual terms by just 0.1% in April, the smallest increase since December 2012, mortgage lender Halifax reports

Fortune

'Attaining the American dream is becoming more challenging than ever' finds BofA's millennial housing survey

BofA: “While some Millennials could feel motivated to buy a home soon to get ahead of cost increases, others may stay out of the housing market due to affordability challenges.''

Fortune

'Quiet quitting' the U.S. housing market: One group of sellers has disappeared

Move-up buying has ground to a near halt.

The Independent UK

Spring bounce as home-buyer mortgage approvals rise in March

Some experts said the increase in mortgage approvals for house purchase is a sign of the housing market being more resilient than previously thought.

Fortune

93 major housing markets saw home price gains in March while 7 declined, says Black Knight

“A modest bump in homebuyer demand [this spring] ran headlong into falling for-sale supply,” says Andy Walden, VP of enterprise research strategy at Black Knight.

The New Daily

Home values rise as housing market downturn wanes

Residential property values are slowly increasing for the first time in nearly a year, marking an end to the nation's housing market downturn, experts

Fortune

The housing market is shifting—just look at earnings published by 2 giant Fortune 500 homebuilders

A pair of homebuilders on the Fortune 500 list, No. 124 D.R. Horton and No. 267 PulteGroup, just reported a big drop in cancellation rates.

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