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The Latest Breaking News from Housing Market

'Our weakest capital city': Canberra's median house price plunges from peak

Canberra's housing market is falling hard and fast.

The Canberra Times

House in a skip: even tiny homes can’t address the privilege and insecurity of the housing market

When 28-year-old artist Harrison Marshall moved back to London after a spell abroad, he couldn’t find anywhere to live within his price bracket. So in March 2023 he moved into a converted skip. He had parked the yellow container on a patch of land in Bermondsey and kitted it out…

The Conversation

Vanguard: The housing market downturn is ‘why we view a mild U.S. recession in 2023 as most likely’

Housing market downturns usually result in recession, says Vanguard economists.

Fortune

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read the most diverse news in one place.

‘Everyone’s fighting over crumbs’: New Jersey housing markets slip right back into the Pandemic Housing Boom

Some New Jersey housing markets are getting hot again—fast.

Fortune

This Industry Is Projected to Boom by the End of 2023: Own This Stock NOW

Despite the macroeconomic challenge, declining mortgage rates and improving homebuilders’ sentiments indicate that the housing market might be bouncing back. Homebuilding company M/I Homes (MHO) reported solid fiscal year 2022 results and has gained more than 40% year-to-date. Hence, I think the stock might be an ideal buy. Keep reading.

StockNews.com

A divided housing market: Zillow says these 294 markets to see home price gains while these 102 markets tick lower

If the bifurcated housing correction—which has been sharp out West and mild in the East—has reinforced anything it's that real estate is indeed local.

Fortune

First-time homebuyers jilted in Miami-Dade. Here’s how to crack pricey housing market

Growing up in Miami, Vince Rives knew he wanted to stay local, because he’s close to his Cuban family. Raised between his parents’ house in Kendall and his grandparents abode in Westchester, Rives, 29, recalled a happy childhood.

Miami Herald

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The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at $34 per share has crashed to $1

"They [Opendoor] are taking huge losses, and as buying agents, we are all testing their pain threshold" says Chris Davis, a real estate agent in Phoenix.

Fortune

Annual rate of house price growth slows as rental price increases accelerate

Home buyers’ worries about rising living costs persist and sellers are open to negotiation, housing market experts said.

The Independent UK

Spain to help young citizens fly the nest with foreclosed homes

Spain is aiming to help millions of young adults still living with their parents to rent their own homes by offering them properties abandoned when its housing market collapsed a decade ago.

Reuters

Things are getting really weird in the housing market

The 2023 housing market doesn't look like a national housing crash. It also doesn't look normal.

Fortune

Institutional homebuyer Yieldstreet hasn’t bought any homes this year. Here’s why they refuse to jump into the housing market right now

"I don't think [house] prices have bottomed yet," says Tejas Joshi, director of single-family residential at Yieldstreet.

Fortune

Booming Scranton, falling San Jose: The latest home price data for the nation’s 400 largest housing markets

These 7 charts tell us what's happening to home prices.

Fortune

No place in the sun: is this the end for holiday home owners?

Short-term holiday lets could require a permit under new government plans to ease pressure on the housing market and help local residents afford homes.

The Week

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Ideal Home

Is a UK house price crash coming? Here's what the experts are predicting

Property prices have started to fall, so is a UK house price crash coming?

ABC News

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

Edinburgh Live

Five of Edinburgh's most 'unwanted homes' on sale that just won't budge

As the housing market begins to settle after the Covid pandemic, some homes haven't budged. While some may have us confused as to why they haven't been snapped up, here some of the five 'unwanted' properties.

The Independent UK

Maine city reopens arena to hundreds of asylum seekers

Hundreds of asylum seekers have filed into a basketball arena in Portland as Maine’s largest city deals with a months-long surge in immigration that has taxed its already limited housing market

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news in one place.

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Fortune

Housing market analysts are divided: Zillow and Moody’s issue starkly different home price forecasts for the nation’s 400 largest markets

Here's a closer look at regional housing forecast models produced by Zillow and Moody's.

Fortune

Is this a home price bottom or a head-fake? 79 major housing markets saw gains in February while 19 declined

The home price correction is running out of steam—fast.

Evening Standard

London property market stagnant amid warnings of UK-wide house price falls

The typical London house price in March was £537,250, which is very slightly up (0.1 per cent) on this time last year

The Independent UK

Average UK house price increased by 0.8% in March, says Halifax

The typical house price in March was £287,880, which was about 2% below a peak reached last August, according to Halifax’s report.

The Guardian - UK

UK house prices rise again in March; Tui says Easter and summer bookings strong – as it happened

House prices rise for third month in a row as annual rate slows to lowest in three and a half years

Evening Standard

FTSE 100 Live: Shares up despite US uncertainty, IMF predicts weakest global growth since 1990

The UK housing market continues to show resilience after mortgage lender Halifax today reported an average property price rise of 0.8% in March.

Evening Standard

Housing market: inner London flat prices have fallen by 24 per cent ‘in real terms’ since 2016

According to new figures from Zoopla, the static average price of London flats represents a significant decline in real terms

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