How much money you need to earn to afford a $400,000 home We break down what you need to earn to afford a $400,000 home in the United States. Salary, down payment, insurance, PMI, and taxes are all factors. Fortune · Nov 28, 2022
"Collapse" in home prices is coming, experts say They don't expect a crash, but a slowdown seems likely. Axios · Nov 28, 2022
Morgan Stanley slashes its U.S. housing market outlook—where it sees the home price correction going in 2023 Peak-to-trough, Morgan Stanley expects U.S. home prices to fall 10% by 2024. However, the firm also says a 20% crash is possible. Fortune · Nov 25, 2022
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 · Nov 23, 2022
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 · Nov 22, 2022
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 · Nov 18, 2022
US home sales fell in October for ninth straight month Sales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market The Independent UK · Nov 18, 2022
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 · Nov 18, 2022
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 · Nov 17, 2022
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 · Nov 17, 2022
These 28 housing markets just slipped into a historically sharp home price correction. These 28 housing markets just slipped into a historically sharp home price correction. Fortune · Nov 15, 2022
Regions hold up as city home prices dive Regional home prices soared during the pandemic and are so far proving more resilient to interest rate shocks than metropolitan markets. AAP · Nov 14, 2022
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 · Nov 13, 2022
The Pandemic Housing Bust rocks bubbly markets like Phoenix Some markets have gone straight from Pandemic Housing Boom to Pandemic Housing Bust. Fortune · Nov 10, 2022
Tribune News Service · Nov 10, 2022 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…
WEKU · Nov 9, 2022 Voters approved more money for affordable housing around the country Skyrocketing rents and home prices have been a major part of voters' economic pain. New spending will go toward building and subsidizing more housing, and helping people avoid homelessness.
Fortune · Nov 8, 2022 The U.S. housing market to see second biggest correction of the post-WWII era—when to expect the home price bottom In the third quarter of 2022, falling home prices erased a record $1.3 trillion in home equity. It isn't over yet.
Benzinga · Nov 2, 2022 The Real Estate Markets Seeing The Biggest Downturns In Home Prices And Property Values The only bad thing about the best parties is that no matter how good they were, the good times can’t go on forever.
ABC News · Nov 1, 2022 As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation The latest data shows Australia's home prices are dropping at their fastest rate since the global financial crisis. Here's what's happening in your capital city.
ABC News · Oct 31, 2022 Australian home prices fall for six months in a row as interest rate rises bite Home prices have been dropping over the past six months as the Reserve Bank of Australia has raised interest rates from a record low in May to curb red-hot inflation. And with interest rates set to keep rising, more falls are expected.
AAP · Oct 31, 2022 Home prices fall for sixth month in a row The home prices slump is starting to slow down but it may be premature to say the worst is over.
Miami Herald · Oct 28, 2022 South Florida has a severe housing crisis. What is it like hunting for a new home? The pandemic exacerbated a longstanding housing affordability crisis in Miami-Dade County, leaving newcomers and residents challenged to deal with historically high home prices and rents.
Los Angeles Times · Oct 27, 2022 Mortgage rates top 7% for the first time since 2002 LOS ANGELES — The cost of buying a home took another leap this week, as the average rate on the popular 30-year fixed-rate mortgage surpassed 7% for the first time since 2002.
Tribune News Service · Oct 27, 2022 Housing market predictions for 2023 We’re rounding the corner on 2022 and quickly heading toward a new year. That makes this a perfect time to prognosticate real estate matters for 2023. With mortgage rates escalating higher, home sales — and, in some areas, home prices — hitting the brakes, and increased uncertainty felt throughout the…
Benzinga · Oct 24, 2022 This Real Estate Brokerage Believes The Residential Housing Market Is In Peril and 'Winter Is Coming' Rising home mortgage interest rates, a lack of seller inventory and still high home prices have thrown the residential real estate industry and investment strategies into a tailspin.