house price

Home price corrections intensify - expectations for the U.S. housing market in 2023

Home price corrections intensify – expectations for the U.S. housing market in 2023

Of course, that’s what we’re seeing now. Despite favorable demographics and tight inventory levels, affordability pressures — soaring mortgage rates coupled with a house price bubble — are starting to push down house prices. In fact, we learned this week that U.S. home prices, as measured by the Case-Shiller U.S. National Home Price Index, fell …

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Most economists say the U.S. will be a buyer's housing market in 2023. Here are the places where house prices have fallen the most.

Most economists say the U.S. will be a buyer’s housing market in 2023. Here are the places where house prices have fallen the most.

Frustrated with the real estate market? Housing experts say they expect the market to be back in buyer’s court by 2023, according to a new report. Mortgage rates are near 7%, but home prices are only slowly easing back, and inventory remains tight compared to pre-pandemic levels. Still, 44% of 107 economists and housing experts …

Most economists say the U.S. will be a buyer’s housing market in 2023. Here are the places where house prices have fallen the most. Read More »

Most economists say the U.S. will be a buyer's housing market in 2023. Here are the places where house prices have fallen the most.

Most economists say the U.S. will be a buyer’s housing market in 2023. Here are the places where house prices have fallen the most.

Frustrated with the real estate market? Housing experts say they expect the market to be back in buyer’s court by 2023, according to a new report. Mortgage rates are near 7%, but home prices are only slowly easing back, and inventory remains tight compared to pre-pandemic levels. Still, 44% of 107 economists and housing experts …

Most economists say the U.S. will be a buyer’s housing market in 2023. Here are the places where house prices have fallen the most. Read More »

'The housing market may have to go through a correction': Freddie Mac says mortgage rates hit 6.29%

‘The housing market may have to go through a correction’: Freddie Mac says mortgage rates hit 6.29%

Number: U.S. mortgage rates continue to climb, adding hundreds of dollars to the cost for potential homeowners. The rise in mortgage rates comes after the Federal Reserve raised interest rates again in response to the worst inflation facing the economy in 40 years. The average interest rate on a 30-year fixed-rate mortgage was 6.29 percent …

‘The housing market may have to go through a correction’: Freddie Mac says mortgage rates hit 6.29% Read More »

Map: How fast sellers are dropping prices in America's largest housing market

Map: How fast sellers are dropping prices in America’s largest housing market

The pandemic’s housing boom has sent U.S. home prices soaring an unprecedented 43% in just over two years. But that’s over: Soaring mortgage rates have pushed the U.S. housing market into a sharp slowdown that could threaten some of those gains. Some firms, including John Burns Real Estate Consulting, Zonda and Zelman & Associates, are …

Map: How fast sellers are dropping prices in America’s largest housing market Read More »

Map: How fast sellers are dropping prices in America's largest housing market

Map: How fast sellers are dropping prices in America’s largest housing market

The pandemic’s housing boom has sent U.S. home prices soaring an unprecedented 43% in just over two years. But that’s over: Soaring mortgage rates have pushed the U.S. housing market into a sharp slowdown that could threaten some of those gains. Some firms, including John Burns Real Estate Consulting, Zonda and Zelman & Associates, are …

Map: How fast sellers are dropping prices in America’s largest housing market Read More »

Revised: Likelihood of falling prices in local housing markets, as shown in an interactive map

Revised: Likelihood of falling prices in local housing markets, as shown in an interactive map

“We saw [home] Prices have risen very, very strongly over the past few years. So now that has changed. And interest rates have gone up,” Powell told reporters in June. “We’re well aware that mortgage rates have gone up a lot. You are seeing an ever-changing real estate market. We are watching it to see …

Revised: Likelihood of falling prices in local housing markets, as shown in an interactive map Read More »