Home price growth is scaling back, but not everywhere at once: NAR

Single-family homes saw a double-digit annual rise in sale prices in 148 of 185 metro markets in the second quarter, but overall numbers point to a housing market in the opening stages of a cooldown, according to a report. Continue reading

Housing ever costlier in July, despite inflation’s sudden dropoff

A steep drop in gas prices offset the rising costs of housing and food for many families. Prices were still up 8.5 percent year over year, says a report from the U.S. Bureau of Labor Statistics. Continue reading

More people than ever ask Google: ‘Will the housing market crash?’

Interest in the housing market has piqued on Google, with searches for whether a crash is imminent shooting up in 2022. The spike suggests homeowners are nervous about their market timing. Continue reading

Home price growth reached point of sustained slowdown in May

Mortgage rates began to take a toll on price growth as early as this spring. But prices remained more resilient than other market indicators, according to the S&P Corelogic Case-Shiller Index. Continue reading

Half of Redfin home offers now face no competing bids, new report says

In the month of June, just under 50 percent of home offers written by its agents faced competition on a seasonally-adjusted basis, the lowest rate in over two years, the brokerage reported. Continue reading

When exactly was the turning point for home price growth?

At the year’s outset, housing experts wondered when the market’s rapid price growth might begin to slow. New data from S&P CoreLogic Case-Shiller Home Price Index provides fresh clues. Continue reading

Home affordability hits 15-year low, passing ‘inflection point’ for buyers

An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new forecast by Zillow. Continue reading

Rise, fall, repeat: The biggest housing surprises of 2022  (so far)

Heading into 2022, forecasters at Realtor.com set expectations for where the home market would go. Halfway in, they’re taking a second look. Continue reading

What are the odds of a housing bubble? 114 experts weigh in

More than 100 housing experts surveyed by Zillow generally agreed that housing prices won’t face a big downturn. But a mild recession may be in play later this year or in 2023, they believe. Continue reading

The shift has begun — but rate hikes won’t be housing’s Achilles’ heel

Experts expect home sales and price growth to slow down, but they don’t think rising rates will knock everyone out of the market. Continue reading