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 · Jul 25, 2023
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 · Jul 24, 2023
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" Fortune · Jul 22, 2023
Existing-home sales fall but prices continue rising The housing market remained soft in June, a new report by the National Association of Realtors (NAR) shows. Sales of existing homes — previously occupied properties, rather than newly built homes — resumed their long downward slide, dropping 3.3%. The number of sales in June was off 18.9% compared to… Tribune News Service · Jul 20, 2023
Inflation may be cooling, but the housing market is still too hot for many buyers The median home price has risen to $413,800 – the second-highest price ever — thanks to a shortage of homes on the market and high mortgage rates. Experts say renting may be a better option. WEKU · Jul 20, 2023
Eight Great Places to Live in Texas Over the last two decades, the Texas population has more than doubled, with people drawn to the state's lack of personal income tax and affordable cost of living. Here are eight places to live in Texas for those looking to make the move. Kiplinger · Jul 20, 2023
Middle class homebuyers are taking on $7,000 mortgages with plans to later refinance down The U.S. housing market firmed up this year. One reason being that buyers jumped in assuming they'll be able to refinance to a lower rate in the near future. Fortune · Jul 20, 2023
UK housing market forecast to avoid slump despite zero growth in prices Rents jump by record 5.1% in a month as rental market struggles to meet demand from priced-out buyers The Guardian - UK · Jul 19, 2023
Four years of housing market gridlock? Goldman Sachs issues U.S. home price predictions through 2026 The struggle between tight inventory and deteriorated affordability will see U.S. home prices end 2026 just 4.5% above the 2022 peak, predicts Goldman Sachs. Fortune · Jul 18, 2023
A fight erupts in U.S. housing market as deteriorated affordability clashes with the 'lock-in effect' Housing economists say neither force should be ignored. Fortune · Jul 16, 2023
Morningstar: These 15 housing markets have the highest level of correction risk—these 15 have the least risk Morningstar: "Buyer exuberance during the pandemic, aided by ultralow borrowing costs, pushed home prices to an unmaintainable level in some markets." Fortune · Jul 15, 2023
A millennial entrepreneur who’s raised over $1.5 million for his 2 small businesses says he lives in his parents’ basement because nobody will give him a mortgage This serial entrepreneur owns two small businesses, has raised upward of $1.5 million from private equity to date, and yet the bank won’t give him a mortgage. Fortune · Jul 15, 2023
Housing market shortage is so acute and the office glut is so big that Boston will offer 75% tax breaks on office-to-residential conversions Boston Mayor Michelle Wu: "We must take every possible action to create more housing and more affordability so that Boston’s growth meets the needs of current and future residents," Fortune · Jul 13, 2023
Average long-term US mortgage rate surged to nearly 7% this week to highest level since November The average long-term U.S. mortgage rate climbed this week to just under 7%, the highest level since November and the latest setback for homebuyers already grappling with a tough housing market constrained by a dearth of homes for sale The Independent UK · Jul 13, 2023
Birmingham Post · Jul 13, 2023 Rising mortgage rates put pressure on housing market in Wales The latest market survey from RICS showed house prices are expected to fall between July and September
The Guardian - UK · Jul 12, 2023 Renting a room in UK tops £700 a month on average Analysts say 17% rise from spring 2022 shows ‘housing market isn’t working for anyone’
Fortune · Jul 12, 2023 Housing market affordability is so out of whack that 'the bulk of the drop in home prices is yet to come', says Pantheon Macroeconomics Pantheon Macroeconomics: "We are baffled by the emerging narrative in the commentariat that housing is now recovering, because it isn’t."
Fortune · Jul 9, 2023 Morningstar makes a bold call that housing market affordability will be restored by 2025. Here's how Morningstar expects mortgage rates to plunge to 4.00% by 2025.
Fortune · Jul 7, 2023 Housing market inventory is so tight that only one of the nation’s 100 largest markets saw a home price decline in May Black Knight: Among the nation’s 100 largest housing markets, 99 saw a home price increase in May.
Fortune · Jul 7, 2023 Opendoor CEO on housing market instability Opendoor is one of 52 women-led Fortune 500 companies.
The Independent UK · Jul 7, 2023 Mapped: House prices fall at fastest annual rate in 12 years as mortgage rates soar Annual drop of 2.6% in June is largest year-on-year decrease since June 2011, Halifax said
The Independent UK · Jul 7, 2023 Bank of England warned 7 per cent interest rates would send shock wave through housing market A leading economist says there is ‘no need to panic’ as Britain is ‘not in an 07-08 scenario’
StockNews.com · Jul 6, 2023 3 Homebuilder Stocks Investors Are Buying in July Despite the rising interest rates and prevailing market uncertainties, the housing market’s long-term prospects remain favorable. Hence, it could be wise to scoop up the shares of homebuilder stocks PulteGroup, Inc. (PHM), Sekisui House, Ltd. (SKHSY), and Tri Pointe Homes (TPH) that seem to be drawing investors’ attention this month.…
Evening Standard · Jul 5, 2023 ‘Stubborn inflation’ hits central London’s luxury home sector Prices of high end homes in prime central London fell in the second quarter, down 5.9% from a year earlier, as the uncertain economic outlook weighs on the housing market.
The Guardian - UK · Jul 4, 2023 The UK’s housing market is hurting everyone. Time to rethink the whole thing There appears to be no relief in sight for homeowners or renters – but there are things that can be done, says Josh Ryan-Collins, an associate professor at UCL