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The Latest Breaking News from Housing Market

Mortgage rates hit 6%, first time since 2008 housing crash

Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market

The Independent UK

Joshua Tree’s popularity is ruining life for longtime residents: ‘You can’t see the stars any more’

As tourism surges, the desert region has become California’s hottest housing market. Now many can’t afford to live there

The Guardian - US

Redrow reports strong financial year as profits return to pre-Covid levels

However the housebuilder has cautioned over a cooling housing market amid the cost-of-living crisis

Birmingham Post

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How much will a house cost by 2030? Predictions and tips to start saving

Just 17 percent of Americans believe it’s a good time to buy a home, according to a recent survey from Fannie Mae. Between higher mortgage rates, still-high home prices and broader inflationary pressure, putting off buying a home might be the only option for some. What happens if you wait,…

Tribune News Service

Pound falls to lowest level since 1985 against dollar – as it happened

IFS boss says Liz Truss’s plans to freeze energy bills ‘very poorly targeted’; Putin threatens to cut off energy supplies if price caps are imposed; UK housing market shows signs of slowing

The Guardian - UK

Further signs of cooling housing market after Countryside Properties accepts lower Vistry offer

In June, Countryside rejected an unsolicited offer from Inclusive Capital that valued the firm at £1.5 billion

Evening Standard

House price forecast: interest rate rises to cool UK price growth as mortgaged buyers sit tight

2024 will be a year of recovery for the housing market, with London leading the charge.

Evening Standard

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Denver housing market pendulum swinging quickly toward buyers

Metro Denver’s housing market has quickly shifted from a strong seller’s market to neutral and could end up solidly in the buyer’s camp by the middle of next year, if not sooner, according to a new index from real estate financial tech firm Knock.

The Denver Post

Texas’ housing market shows signs of cooling down after the pandemic drove it to new heights

Texas had more houses on the market in July than any time since late 2020 as home sales declined in the state’s major metros. Sellers have had to cut prices to entice buyers.

The Texas Tribune

House price plunge spreads with biggest monthly decline in 39 years

Australia's housing market decline spreads across all capital cities and most regional areas, with national prices falling by the most in any month since 1983.

ABC News

Edinburgh student forced to find new home after rent skyrockets by over a third

While juggling their study commitments, the four flatmates were forced to start looking for somewhere else to live in the extortionate Edinburgh housing market.

Edinburgh Live

Small businesses feel the pinch from slowing housing market

The chill in the housing market is rippling out to the carpenters, landscapers and other small businesses that lose out when fewer homeowners renovate their properties

The Independent UK

Auckland house prices down 15 per cent with the Reserve Bank of NZ now tipping prices across the country to follow

Auckland's real estate market sets the pace for the rest of New Zealand — right now, house prices are down 15 per cent from their 2021 peak and forecast to fall further. So what does that mean for families who just bought in?

ABC News

Ways to Save Money and Build Wealth Heading Into 2023

By Chalmers Brown, CTO of Due From a bonkers housing market to COVID shutdowns to a possible recession, it seems like getting ahead financially is more challenging than ever.

Benzinga

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Tribune News Service

Blackstone single-family landlord to halt home purchases in 38 cities

Home Partners of America, the single-family landlord owned by Blackstone Inc., will stop buying homes in 38 US cities, becoming the latest institutional investor to back away from an overheated housing market.

Dublin Live

Dublin Homes: 7 'virtual viewings' on the current housing market

The best houses and apartments to check out online

Evening Standard

What is gazundering? House buyers reducing offers before exchanging contracts

The housing market is cooling off and some buyers are taking advantage

Benzinga

Elon Musk's New Home Is In The 7th Priciest Housing Market In The Country

This article was originally published on Aug. 23, 2022.

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The Conversation

China property crisis: why the housing market is collapsing – and the risks to the wider economy

China has been trimming interest rates recently – in contrast to other major economies – as it tries to stem the economic effects of its zero-COVID policy and address a growing property crisis. The country’s traditionally strong housing market has been affected by a funding crisis that has seen development…

Dublin Live

Dublin Homes: 5 of the best 'fixer-upper' projects on the housing market

Imagine what you could do with these places...

AAP

Housing downturn endures, outlook unclear

The housing market is cooling off across many capital cities, but it's unclear how far and fast prices will drop.

Daily Record

All Scottish children deserve decent start in life in a home they feel secure in

Record View says the sheer number of people forced to settle for a short-term fix proves how broken the housing market has become.

Tribune News Service

Bay Area sees nation’s largest monthly drop in home values

As rising mortgage rates continue to cool the housing market across the U.S., the Bay Area in July saw the largest monthly drop in home values of anywhere in the country, according to a new report from home listing site Zillow.

Tribune News Service

Is the housing market about to crash? Here’s what experts are saying

The U.S. housing market may be starting to slow down, but it is still hot. Double-digit appreciation is commonplace. Many sellers are still giddily sifting through multiple offers, and frantic buyers continue to pay more than asking prices — sometimes by $100,000 or more.

Newsroom.co.nz

Land supply, interest rates 'key driver' of overheated housing market

A new report from officials provides further evidence a lack of land, rather than building issues, has driven our house prices up most steeply.

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