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New home sales fell 13.7% in May, showing that the housing market is in a freeze. Redfin said this month that unsold inventory is at a record high.
U.S. existing home sales dropped to a nine-month low in June as higher mortgage rates and economic uncertainty keep potential ...
U.S. single-family homebuilding and permits for future construction fell sharply in June as high mortgage rates and economic ...
But Goldman Sachs has warned prospective home sellers that the housing market downturn is expected to worsen in 2023. And for interested home buyers, this doesn’t necessarily mean lower home prices.
Data from Realtor.com shows that delistings outpaced inventory gains in May. While inventory has climbed across the US, ...
us housing market sees $2.3t drop in value, biggest since 2008 Residential homes in Teaneck, N.J., Nov. 24, 2022. (Yuvraj Khanna/Bloomberg via Getty Images / Getty Images) ...
The US housing market could be on the verge of a “meltdown,” an economist warned following this week’s release of data showing a collapse in home builder confidence in July.
The US housing market has lost $2.3 trillion in value from a 2022 peak as sale prices crashed, according to a report from Redfin. That equates to a 4.9% decline, marking the largest June-to ...
No, the housing market is not even close to the housing market crash during the 2008 Great Recession, experts agree. That's in part because of new lending regulations resulting from the meltdown.
In all, Goldman projects sharp declines this year in new home sales (22% decline), existing home sales (17% drop) and housing GDP (8.9% drop). It projects further declines in 2023, including ...
America’s housing market is finishing a year of high prices, sluggish sales and elevated mortgage rates. But there are factors that could give it a boost next year.
US home prices saw a 1.3% nationwide monthly increase and a 0.4% adjusted increase in March. That's a sign that home price declines could be over, S&P said in a statement.
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