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UNCOVERED: 10 - Caught on Camera

The ‘Oracle of Wall Street’ says home prices need to fall 20% to end the ‘generational schism’

“For homes to be affordable, that’s going to have to happen,” Meredith Whitney recently said.

Fortune

Top real-estate CEO suggests some young people might have voted for Trump because they're sick of living in their parents' basements

Now they’re expecting him to build the housing they need, Redfin’s Glenn Kelman said.

Fortune

Australian home prices hit new high during spring rush but Sydney records small slip

Perth, Adelaide and Brisbane remain the strongest capital city property markets, with prices up 20.58%, 14.91% and 12.51% over the past year

The Guardian - AU

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Takeaways from our reporting on Texas’ housing affordability crisis

The Texas Tribune examined the state’s housing affordability crisis and why the state has struggled to build enough homes to meet demand.

The Texas Tribune

If you thought you could afford a home in Midwest and Sunbelt cities, you’re wrong

An analysis of Census data confirmed that the housing crisis is spreading inland from the coasts.

Fortune

Homeowners are sitting on more than $35 trillion in equity

The value of all homes owned is more than double what it was a decade ago.

Fortune

Australia’s housing crisis may be starting to ease as home prices fall in four capital cities

New data also shows auction figures softening while rent rises are at their slowest pace in years

The Guardian - AU

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In a week of back-to-back housing data, here’s what you need to know

Breaking down mortgage rates, sales, and home prices.

Fortune

Miami is at risk of a housing bubble

“Miami now shows the highest bubble risk among the cities in this study,” UBS said.

Fortune

Retirement Investment In Volatile Times: Insights From Experity Wealth

The Fed's tightening has had a ripple effect across the economy, slowing down housing demand and cooling the tech sector, which had seen explosive growth during the pandemic.

Latin Times

A triple threat stalks the housing market as rates, costs, and election anxiety collide

Oh, and of course, home prices are still skyhigh.

Fortune

What housing plans do US presidential candidates Trump and Harris offer?

Since 2020, average US home prices are up 50% while wages have risen 23%, making home purchases out of reach for many.

Al Jazeera

With the Fed Rate Cut, Should You Sell Your House Now or Wait?

Interest rates are starting to come down as the Federal Reserve shifts course. Is it time to think about selling your house?

Kiplinger

Home prices almost never go down

There are only two eras in recent history when home prices declined in America.

Fortune

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AAP

'Tired trope': most voters open to lower home prices

Australia's housing affordability mess has most voters in favour of lower prices and backing tax reform and other policy interventions to ease pressures.

International Business Times

Americans Face 'Most Unaffordable Housing Market In History': Case-Shiller

Home prices in the U.S. showed a notable increase in June.

The Texas Tribune

Texas must build hundreds of thousands of homes to lower housing costs, says state comptroller

Texas needs hundreds of thousands more homes than it has, per one estimate. That shortage has driven up home prices and rents.

Fortune

The outlook for home prices has zig zagged dramatically again

According to Freddie Mac's latest forecast, home prices will rise 2.1% in 2024 and 0.6% in 2025.

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International Business Times UK

Elon Musk And Critics Say Kamala Harris' $25K Payment For First-time Homebuyers Is 'Perfect Formula For Inflation'

Harris' signature housing policy calls for up to $25,000 in federal down payment assistance for first-time homebuyers who have paid their rent on time

AAP

Hey big spender: home prices soar in Olympics host city

The launch of an eye-watering penthouse development targeting ultra-wealthy buyers is a sign of the times in one of Australia's hottest real estate markets.

Fortune

Barbara Corcoran: Buy a home now; don't wait for a Fed rate cut

The self-made millionaire sees home prices rising once mortgage rates fall further.

Fortune

Renter households surged at triple the rate of homeowners

In June, rents were 23% higher than before the pandemic, while mortgage payments were up 90%, according to Redfin.

Fortune

Sunbelt boomtowns are cooling off, but the sun-soaked region will reclaim its hot status

More than 2 million single-family homes have been built in the South since January 2021, more than four times the number completed in the Northeast, according to a Capital Economics economist.

The Independent UK

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February

The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices

Fortune

Gen Z and millennial homeownership rate plummets to 4-year low

But while the younger group saw their homeownership rate fall, some older generations saw theirs rise.

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