With Mortgage Rates Soaring, the Housing Market Takes Another Hit
As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock. The interest rate for the most common home loan in the United States…
Mortgage Rates Rise to 6.7%, Highest Since 2007
Mortgage rates rose to their highest level in more than 15 years, a new high since the 2008-09 financial crisis that adds pressure to the already cooling U.S. housing market.…
As Home Prices Surge, Americans Are Moving to Cheaper Places
Americans have long been willing to hit the road in search of a fresh place to live and work. These days, many are quitting big, expensive cities such as Los…
US Housing Prices Fall for First Time Since 2012
Say goodbye to the housing bull run. US home prices — for the first time in a decade — are falling. A national measure of prices in 20 large cities…
Remote Work Drove Over 60% of House-Price Surge, Fed Study Finds
The shift to working from home drove more than half of the increase in house and rent prices during the pandemic and will likely drive up costs and inflation going…
Rents Drop for First Time in Two Years After Climbing to Records
Apartment rents are falling from record highs across the U.S. for the first time in nearly two years, offering the prospect of relief to millions of tenants who have seen…