Markets in the Midwest, East Coast are weathering headwinds the best

A new Redfin report finds markets in the Midwest and East Coast are weathering the market slowdown better than anywhere else. Chicago, Milwaukee and Albany, New York, top the list. Continue reading

The pandemic-era home price boom has ended — and now we know when

Two major estimates of home prices now concur: The uninterrupted string of monthly increases came to an end this July, according to new data released Tuesday from CoreLogic and the FHFA. Continue reading

A new normal, or a ‘new weird’? Home prices climb despite 6% rates

As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It’s a strange time, a Redfin economist says. Continue reading

This is the ‘fastest-slowing’ housing market in the US, new data shows

The slowdown in housing has been swiftest on the West Coast, where prices in some markets have already fallen by 2 percent since July, according to a new analysis on Wednesday by Redfin. Continue reading

US home equity has reached new heights. What happens next?

Gains in household real estate equity have far outpaced growth in U.S. mortgage debt, according to new numbers from the Federal Reserve board. Continue reading

Home sales have so much further to fall in 2023, Goldman Sachs says

House purchases are expected to plummet further in the closing months of the year, and the recovery may not pick up speed until 2024, according to a new forecast from the investment bank. Continue reading

Is the summer rush obscuring a deeper housing slowdown?

The seasonal summer boom in the housing market has gone head-to-head with dramatically cooling market conditions. The latest data reflects the market appears to be “losing steam.” Continue reading

Housing is cooling. In some places, rents have yet to get the memo

In more than half of America’s largest cities, rents continue to post double-digit annual growth. And in some cases, they’re speeding up, according to Zumper’s most recent report. Continue reading

Home sales projected to fall 16.2%, Fannie Mae says in new forecast

In projections released Monday, economists expect 5.78 million homes to change hands this year, representing a 16.2 percent decline from a year ago — a steeper drop than the 15.6 percent pullback forecast in July. Continue reading

Following 6-month slowdown, the home-sale boom may finally be over

Home sales were down 19 percent year over year in July, a sign the pandemic-era boom in housing demand may be in the rearview mirror, according to new data released Monday by Redfin. Continue reading