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The Latest Breaking News from Housing Market

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.

Fortune

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

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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.

Tribune News Service

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.”

Bristol Post

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…

The Philadelphia Inquirer

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.

Fortune

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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?

Evening Standard

These 28 housing markets just slipped into a historically sharp home price correction.

Fortune

Will Home Depot, Lowe's Earnings Reveal A Housing Market Correction?

A long-dreaded nightmare might be coming true for the housing sector.

Benzinga

What is happening to the UK homebuying and rental markets?

House prices for buyers have started to fall, while housing rents have reached record highs

The Guardian - UK

UK house prices fall £4,159 in a month while rents hit new record high

The housing market is still feeling the effects of September’s mini-Budget

Evening Standard

London house prices drop £13,000 in a month as jittery buyers step back from the market

The housing market is still feeling the effects of September’s mini-Budget

Evening Standard

The Pandemic Housing Bubble is bursting, says KPMG

"Once you start the process of prices falling nationally, there is a self-fulfilling momentum to it because no one wants to catch a falling knife" says Diane Swonk, chief economist at KPMG.

Fortune

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Birmingham Post

Latest survey underlines Northern Ireland housing market jitters despite price gains

On balance, agents expect the market to soften in the coming quarter

Tribune News Service

Housing market predictions: the forecast for the next 5 years

It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both buying activity and purchase prices. Yet, with inventory…

Benzinga

Redfin Lays Off 13% Of Staff, Suggesting The Housing Market Will Get Worse Into 2023

With rising interest rates, there are growing concerns that the current housing market downturn may last through 2023, and a residential real estate brokerage is getting ahead of the curve by laying off 13% of its staff.

Tribune News Service

Seattle’s Redfin to cut workforce by at least 13%, end its house flipping initiative

SEATTLE — The cooling housing market is driving yet another round of layoffs at a Seattle-based company.

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The Guardian - UK

End of the good times for Persimmon as cracks appear in housing market

Ever-rising prices meant the homebuilder channelled large sums to shareholders and executives in recent years

Tribune News Service

Homeowners are still getting ‘equity rich’ despite the slowing market

FORT LAUDERDALE, Fla. — Homeowners in South Florida are still seeing a return on their property, even as the housing market continues to cool down.

ABC News

What The Block 2022 auction results tell us about Australia's housing market

After months of production, five houses on The Block went under the hammer... or tried to. Here's how their wildly different auction results represent Australia's current housing market.

Bangkok Post

LTV changes set to hit housing market

The residential market will contract by 10% next year as the easing of loan-to-value (LTV) measures for mortgages expires on Dec 31, 2022, says SET-listed developer Supalai.

The Philadelphia Inquirer

Layoffs hit the mortgage industry as the housing market sees an 'across-the-board slowdown'

PHILADELPHIA — Whenever the the housing market slows significantly, layoffs in the mortgage industry follow.

Evening Standard

The Standard View: Higher interest rates, spending cuts and tax rises leave the economy on the brink

When it rains, it pours. Estate agent Savills predicts that the mainstream London housing market will suffer the most acute fall in prices out of all regions in 2023. That’s despite properties in the city enjoying the more modest end of price growth since the pandemic.

The Independent UK

House prices predicted to fall by 10% next year

The prime housing market is expected to outperform mainstream house price growth, due to a lower reliance on borrowing by prime buyers, Savills said.

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