Housing Expert: Homebuyers are 'Hitting the Brakes'
Sellers, once in the driver’s seat fielding bidding wars, are reducing their asking prices, while more homebuyers are backing out of deals.
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JPMorgan’s Mortgage Business Slashing Workforce as Housing Market Cools: Report
JPMorgan Chase is slashing jobs in its home-lending division as rising mortgage rates and inflation drive a slowdown in the housing market.
US House Prices Are Likely to Drop as Rates Rise, Capital Economics Says
US house prices are likely to fall as mortgage rates exceeding 6% crimp affordability for the average buyer, according to Capital Economics.
Homebuilders’ Gloom Deepens on US Recession Risk, Soaring Rates
Rising mortgage rates and softening housing demand are casting a shadow over homebuilding stocks.
New Home Sales Plunge in April
New home sales dropped for the fourth straight month in April, offering up another sign that the housing market is starting to slow.
Another Housing Bubble? ‘We’re Skating Close to One,’ Says Realtor.com Economist
This might be the hottest housing market ever recorded. Over the past 12 months, U.S. home prices are up a staggering 19.2%.
U.S. Homebuyers Are Getting Discouraged by Rising Rates and Prices
Potential homebuyers are getting discouraged by rising mortgage rates and home prices, according to a survey released by the New York Fed Reserve.
