Moody's Analytics: 210 Regional Housing Markets Were Overvalued by More Than 25% in the 2nd Quarter of 2022
A housing correction looms, with some markets seeing housing activity slowing and home prices falling
The Fed Ups Its Pressure on the Housing Market, Amplifying Recession Fears
The Federal Reserve raised the 30-year fixed-rate mortgage yet again on Wednesday, and with more gains expected in the months ahead, housing experts warn a recession could soon follow
As 30-Year Fixed Mortgage Rates Rise, Are ARMs a Better Option?
Buying a home is becoming increasingly unaffordable as borrowing costs and home prices inch ever-higher, but adjustable-rate mortgages (ARMs) might offer a solution
What the Fed’s Most Recent Rate Hike Means for Homebuyers—Good and Bad News
The 30-year fixed-rate mortgage just surpassed 6%, and while pricier borrowing costs will push homeownership out of reach for some would-be buyers, others will benefit from less competition and more bargaining power
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New-Home Sales
Luxury Home Sales See Biggest Drop on Record Due to Rising Interest Rates
Luxury buyers are pressing pause on high-end home purchases after the most recent interest rate hike, which will make monthly payments thousands of dollars more expensive for million-dollar properties
Financing
What the Federal Reserve's Latest Rate Hike Could Mean for the Housing Market
Mortgage rates have finally topped 6%, and with more gains on the horizon, experts warn that the U.S. housing market could be moving toward a recession
Financing
Why the ‘Lock-in’ Effect Is Prompting Homeowners to Stay Put
New listings are falling across the U.S. as homeowners refuse to sacrifice their low interest rates for new homes with more expensive housing costs
Financing
Market Activity Slows as Mortgage Rates Reach New High
The 30-year fixed mortgage rate climbed to a new high during Labor Day weekend, causing both buyers and sellers to step back from home sales
Market Data + Trends
Mortgage Rates Have Nearly Doubled in the Last Year—Here’s What That Means for Homebuyers
Mortgage rates may be on the rise, but after two years of heated competition and record price gains, home sales are slowing and sellers are beginning to drop their asking prices
Economics
What Distinguishes Today’s Housing Slump From the 2008 Collapse?
With much less financial risk-taking and an increase in equity wealth, today's buyers and homeowners are much more prepared to handle a housing downturn than they were in 2008
Financing
Can No Down Payment Mortgages Close the Homeownership Gap?
Bank of America is offering zero down payment mortgages to first-time minority homebuyers in five U.S. cities, but in the event of a housing downturn, the program could burden more recipients than it benefits
Financing
Mortgage Rates Will Fall to 4.5% in 2023—Here’s What That Means for Homebuyers
Mortgage rates could fall to 4.5% in 2023, according to Fannie Mae's most recent housing forecast, but that doesn't mean buyers will benefit from holding off on home purchases
Financing
Adjustable-Rate Mortgages Are on the Rise Once Again—Here’s What That Means for Today’s Homebuyers
Adjustable-rate mortgages (ARMs) had a hand in the housing downturn that led to the Great Recession, but they won’t do as much damage this time around, experts say
Financing
Mortgage Application Activity Drops to Lowest Level in Over Two Decades
As housing costs continue to surge and prospective buyers back out of home purchases, fears of a recession are mounting, and mortgage application activity is falling as a result
