The Fed's most recent mortgage rate hike is putting a damper on home sales, and in order to attract remaining buyers, sellers are increasingly slashing their asking prices
Local housing inventories are climbing in some of the nation's most in-demand metros and suburbs, signaling greater affordability and more opportunities for home purchases in the near future
Fast-rising inflation is putted increased financial pressure on Americans who are struggling to afford everything from gas to monthly mortgage payments
The housing market appears to be cooling down in the wake of surging mortgage rates, but the Fed isn't backing off anytime soon
The current state of the nation's housing market may feel a bit unnerving to priced out buyers, but a recent report from Harvard's Joint Center for Housing Studies also outlines a few key silver linings
While the Biden administration’s Housing Supply Action Plan pushes housing affordability to the top of the nation’s economic agenda, it lacks adequate supply chain solutions and fails to resolve other underlying challenges constraining housing production
Renting is becoming more affordable than buying a home in most metros across the U.S., but that could soon change as the market cools
Higher rates are pricing out a large share of homebuyers and easing competition for those who can still afford home purchases
Mortgage rates are at their highest level since 2008, creating a slowdown in home price growth as homebuyer demand softens across the U.S.
Waning demand from prospective buyers is causing a growing number of sellers to slash their asking prices as the market cools
The most recent interest rate hike will price out a large share of prospective homebuyers, but will it be enough to reduce housing costs in overheated markets?
The Federal Reserve sent its rates soaring by 75 basis points earlier this week, subsequently pushing the 30-year fixed mortgage rate beyond the 6% mark