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The Latest Breaking News from Housing Market

The U.S. housing market heads into 2023 still in correction mode—these 2 charts show what's happening to home prices

The U.S. home price correction is sharper—and more widespread—than previously thought.

Fortune

Property prices: The best, worst and most affordable suburbs heading into 2023

Australia’s housing market downturn has slowed in the run up to Christmas, but experts are divided about whether property prices will fall.

The New Daily

Northern Ireland housing market manages to post quarterly gains despite inflationary pressures

The RICS survey of estate agents was less optimistic about the market's future prospects

Birmingham Post

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Scottish housing market continues to weaken

Latest surveyor poll shows the seventh month in a row of falling buyer demand

Insider UK

A 20% home price crash? These 7 forecast models can see it—where the other 13 leading models have the 2023 housing market going

Where 20 leading forecasters foresee home prices going in 2023.

Fortune

Should you rent or buy? First American crunched the numbers

It’s currently better to rent than to own for potential first-time homebuyers in 47 of the 50 top U.S. markets, according to First American’s analysis.

Fortune

These 49 housing markets to see home prices fall over 15%—this interactive map shows Moody’s updated forecast for 322 markets

"Affordability will be restored. The [housing] market won't be overvalued after this process is over," says Moody's Analytics chief economist Mark Zandi.

Fortune

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Fed Chair Powell: U.S. 'housing bubble' formed during the pandemic and now 'the housing market will go through the other side of that'

"So you really had a housing bubble, you had housing prices going up [at] very unsustainable levels and overheating," says Fed Chair Jerome Powell.

Fortune

UK house prices fall at fastest pace since 2020 amid fallout from mini-budget

Nationwide warns inflation and rising interest rates will weigh down housing market

The Guardian - UK

Fed's housing market 'reset' has officially set off the second-biggest home price correction of the post-WWII era

According to the latest Case-Shiller report, U.S. home prices fell another 0.8% in September.

Fortune

Home prices drop for third straight month as US market cools

The U.S. housing market pulled back even more in September, with prices slipping 1.2% from a month earlier.

Tribune News Service

UK homeowners settling for lower prices as housing market continues to slide

The continued cost-of-living crisis, combined with the Bank of England's prediction of an enduring recession, is likely to cause the housing market to slow even further as we approach 2023

Wales Online

A quarter of London homes have had asking price reduced this autumn

Discounts are expected to increase further over the coming months as the housing market adjusts to new mortgage rates.

Evening Standard

UK homeowners forced to settle for below asking price, Zoopla says

Property website data shows housing market is slowing, with 44% less demand for homes and sellers accepting 3% below asking price

The Guardian - UK

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Tribune News Service

Is the South Florida real estate market crashing?

2021 was a record year for real estate in South Florida, yet the last eight months of 2022 have been about the market slowing. Questions linger as to how bad the decline in the market is and whether it’s headed for a crash.

The Guardian - UK

Shares in big UK estate agent chain fall as housing market cools

Housebuilders also see share price falls as interest rate rises and cost of living crisis deter potential buyers

Tribune News Service

Inflation and the housing market: How to cope with high home prices

Inflation hasn’t left the building, but it may be starting to look for the exit.

Fortune

Where home prices are headed in 2023—this map shows CoreLogic's revised outlook for 392 housing markets

The question isn’t if U.S. home prices will fall, it’s how far will prices fall.

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Tribune News Service

Now tech layoffs are slowing Bay Area housing market as prices fall even more

Add tech company layoffs to the list of headwinds facing California's Bay Area housing market.

Tribune News Service

Inflation and the housing market: How to cope with high home prices

Inflation hasn’t left the building, but it may be starting to look for the exit.

Tribune News Service

How far will home prices fall? Some say 20% or more is possible

As the U.S. housing market continues to cool, a growing number of forecasters say homeowners could soon experience significant price declines. These analysts look at the record run-up in home prices during the COVID pandemic and say a drop of 20% or more looms in the near future.

Bristol Post

Bristol estate agents react to Autumn statement and the prediction house prices will fall by 9%

"The ship just feels like it's being steadied; even though it's still tough, it’s easier to understand.”

The Philadelphia Inquirer

Robots that mimic handwriting, holiday food drives, and many calls. Real estate agents go after clients in a slower market

PHILADELPHIA — Over the last two months, Darlene E. Jamison, team leader of the RE/MAX-affiliated Jamison Team, has been sending more texts and making more calls. She and her husband, Kevin, are "planting the seeds" by asking past clients to keep them in mind for future moves and trying to…

Fortune

Dallas Fed: A bursting housing market bubble could once again plunge us into recession if policymakers aren’t careful

"The possibility of a sharp price correction leading to an economic contraction would further complicate Federal Reserve inflation-fighting efforts" writes the Dallas Fed.

Evening Standard

Comment: ‘A council tax rise (done right) might not be a terrible thing’

Council tax is one of the few tools the Treasury has to rebalance the housing market when so many homeowners are mortgage free. But will Jeremy Hunt choose to use it?

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