housing market

The minister said courts will be resourced to enforce the ban. It comes after he warned young people who can’t access housing may turn to authoritarian leaders.

Mortgages have become more affordable in recent months, but they are still more expensive than in all of 2022.

The decline in sales happened as mortgage rates rose and made homes more expensive for buyers.

California dominates the list of least affordable metros, with Midwest cities ranking among the most affordable.

Home sales have fallen as mortgage rates have more than doubled over the past two years.

It is unlikely for sales results to change for the better through the remainder of 2023, but surveyors hope for a ’more stable outlook' in 2024.

Understanding the forces driving the perfect storm in the real estate market.

The interest rate on a 30-year fixed-rate mortgage has more than doubled from 3.09 percent to 7.76 percent in just two years.

Mortgage rates have touched 8 percent, putting a damper on loan demand and adding to many homebuyers’ affordability woes.

Homebuyers now have to shell out close to a third of their income on mortgage payments.

New home construction has been the driving force behind the surge.

Over 2.7 million illegal aliens entered the country last fiscal year, driving up homelessness and straining resources.

Housing Prices Rose For The Fifth Consecutive Month In June, As Mortgage Rates Go Up And Shortages Persist.

The U.S. housing market is facing a roller coaster ride of issues, from higher mortgage rates to a lack of supply.