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RARE PHOTOS: 32 | Vintage Vibes

Mortgage Rates Climb To 7.31%, Highest In 23 Years: Shocking Chart Reveals Tremors In Housing Market

The U.S. housing market is facing a seismic shock. Mortgage rates skyrocket to levels not seen in over two decades.

Zenger

Housing market affordability is worse now than at the height of the housing bubble in 2006

Housing affordability, as monitored by the Atlanta Fed, has already deteriorated beyond the levels seen at the housing bubble's peak in 2006.

Fortune

Homebuilder shares tumble as UK housing market weakens – as it happened

A profit warning from housebuilder Crest Nicholson compounded fears of a housing market slowdown, as Rightmove data revealed a further drop in asking prices

The Guardian - UK

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Institutional buyers won't stay on the housing market sideline forever: 'This is temporary'

"This is temporary. They paused and continued to cull their portfolio as they always have."

Fortune

US Housing Market Faces Affordability Crisis Amid Skyrocketing Mortgage Rates

The housing market in the United States is battling its biggest affordability crisis in almost 40 years.

Zenger

Building new luxury homes makes even lower-income housing more affordable, City Hall finds

It said that market-rate homes helped make cheaper housing more affordable by “creating chains of vacancies and moves that can reach across an entire housing market area”

Evening Standard

5 Stocks Warren Buffett Is Buying (and 9 He's Selling)

Berkshire Hathaway continued to ease up on Apple and Bank of America as it remained cautious on stocks in Q4.

Kiplinger

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Baby boomer housing wealth totals $18 trillion—more than triple the amount owned by millennials

Baby boomers continue to dominate the U.S. housing market.

Fortune

Warren Buffett just made a big bet on the U.S. housing market

Berkshire Hathaway disclosed its investments in three major U.S. homebuilders: D.R. Horton, Lennar, and NVR.

Fortune

Country Garden’s losses fan worst fears on China property market

BEIJING: Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese developer is on the brink.

The Times of India

Average long-term US mortgage rate climbs to 6.96% this week, matching highest level this year

The average long-term U.S. mortgage rate rose this week to just under 7%, the latest setback for would-be homebuyers already facing affordability challenges due to a housing market limited by a shortage of homes for sale

The Independent UK

This millennial pastor and breadwinner got priced out of the housing market after a brain tumor forced him to sell. He can only get back in by splitting a mortgage with his in-laws

"I kid you not—there were zero affordable homes" says Stephen Drew.

Fortune

Will China’s Property Crisis Worsen?

China’s Country Garden Holdings, one of China’s largest private-sector property developers, is late on delivering coupon payments on its debt, sparking fears the company could soon default. The company failed to pay coupon payments due Monday. Country Garden Holdings owes $10.5 million of interest on a dollar bond that matures...

Barchart

Fannie Mae CEO: ‘Housing today is a tale of two markets. We need to make it work for everyone’

Depending on your situation, the housing market is either working–or it isn’t.

Fortune

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Fortune

The housing market's seller strike is so ruthless that only 7 of the nation's 200 largest markets are back to pre-pandemic inventory levels

Among the 200 largest housing markets tracked nationwide, 193 markets exhibited inventory levels in July 2023 that were lower than those of July 2019.

The Independent UK

Average UK house price fell by nearly £1,000 month-on-month in July – Halifax

The typical UK home cost £285,044 in July, down from £286,011 in June.

Fortune

10 housing markets up the most—and 10 down the most

The best way to describe the housing market over the past year: bifurcated.

Kiplinger

Indiana Tops Summer 2023 Emerging Housing Markets List

Three Indiana metro areas lead the recent Summer 2023 Emerging Markets Index from Realtor.com.

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Kiplinger

July Housing Squeeze Fueled By Inventory Decline

Housing market struggles continue this summer as inventories and home prices slide, mortgage rates rise, new survey shows.

Fortune

Housing market head fake? Boise slips back into correction-mode

Recently published data from Freddie Mac suggests that Boise's spring bounce might indeed be a head fake.

Fortune

The mortgage rate shock regains bite just as the housing market enters into the seasonal soft window

On Tuesday, the average 30-year fixed mortgage rate ticked up to 7.13%.

The Guardian - UK

Rising UK interest rates force homebuyers to take on longer mortgages

Builder Taylor Wimpey says Bank of England stance has weakened housing market

The Guardian - UK

Wall Street opens in the red amid global market rout after US credit downgrade – as it happened

Global stock markets tumble after Fitch downgrade; US ADP jobs report much stronger than expected

Evening Standard

How to find the perfect family-sized home — with good schools, parks and activities for kids on the doorstep

Even in a wobbly housing market, a great family property is an easy sell. From work-from-home offices to room for a growing brood, here’s what to look for in a forever home

The Guardian - UK

UK recession fears swirl as factory output falls and house prices slide – as it happened

Nationwide reports average house prices fell 3.8% in year to July, biggest annual drop in 14 years, while manufacturers suffer worst month of 2023

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