The U.S. Housing Market Has Gone Cold
Homebuyers, are now confronting an increasingly unaffordable housing market that’s been plagued by shortages.
Homebuyers, are now confronting an increasingly unaffordable housing market that’s been plagued by shortages.
Sellers, once in the driver’s seat fielding bidding wars, are reducing their asking prices, while more homebuyers are backing out of deals.
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 fall as mortgage rates exceeding 6% crimp affordability for the average buyer, according to Capital Economics.
Rising mortgage rates and softening housing demand are casting a shadow over homebuilding stocks.
New home sales dropped for the fourth straight month in April, offering up another sign that the housing market is starting to slow.
This might be the hottest housing market ever recorded. Over the past 12 months, U.S. home prices are up a staggering 19.2%.