The Latest Breaking News from John Burns Real Estate Consulting

The slumped housing market reaches a critical juncture

The new construction market is thawing—just look at builder cancellation rates.

Fortune · Mar 22, 2023

Housing market slump brings back 2-1 mortgage rate buydowns

Homebuyers are looking for relief, and lenders are getting creative.

Fortune · Mar 9, 2023

The housing market correction just took a new turn

"Builders have taken their medicine for the most part right now on pricing," says Rick Palacios Jr., head of research at John Burns Real Estate Consulting.

Fortune · Feb 20, 2023

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 · Dec 7, 2022

Rising mortgage rates are sending home prices lower

For the first time in a decade, home prices in Southern California are definitively falling.

Los Angeles Times · Oct 13, 2022

To sell or not to sell? How home sellers are adjusting to a softening market

With the frenzied housing market coming to an end, some sellers are considering putting their homes up for rent instead.

Tribune News Service · Sep 22, 2022

Home sellers are cutting list prices as more buyers take pause: 'The market is not the same'

Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost.

Los Angeles Times · Jun 15, 2022