The housing slowdown we’ve been anticipating for months is here. The big picture: Home sales are slowing down, and some of the pandemic era’s hottest “Zoomtowns” — sleepy areas where remote workers pushed up real-estate prices — are already seeing price drops. Why it matters: The idea of a real estate downturn might seem scary, especially […]
The U.S. housing sector is finally cooling off. For those looking to buy, there are homes in several parts of the country that are on sale right now, according to new data. Sellers slashed home prices in June in areas that saw red-hot price appreciation earlier in the pandemic, including Reno, Nev., Austin, Texas, and […]
The pandemic spurred millions of Americans to abandon city life, fleeing to the ‘burbs. A new report highlights a novel destination for would-be homeowners to consider: The R.V. capital of the world. The Wall Street Journal/Realtor.com Emerging Housing Markets Index, released Tuesday, ranked Elkhart-Goshen, Ind., as the top housing market. (Realtor.com is owned by the same […]
If you feel a bit of whiplash hearing the varying takes on the housing market right now, you’re not alone. Home prices are still rising—but not as much! Mortgage rates are generally up—but recently they’ve held below 6%! (See the lowest mortgage rates you can get now here.) There are bidding wars galore—but not everywhere! […]
As the US housing market starts to cool, researchers say these cities are primed for a price drop If you’ve been squeezed out of the tight housing market over the past couple of years waiting for the opportunity to buy, you might finally be getting your chance – and some places are already looking more […]
Daniel Acker | Bloomberg | Getty Images More home sellers are dropping their asking prices as rising mortgage interest rates and inflation have eased competition in the housing market. Some cities are seeing more price cuts than others. Boise, Idaho, took the lead in June, with 61.5% of sellers cutting their asking prices, according to […]
Many U.S. housing markets are witnessing a slowdown in response to rising mortgage rates and woes on Wall Street , and northern California has seen the biggest impact, according to a Redfin report Friday. Out of the top 10 markets that have cooled the fastest over the three months from February to May, five were […]
In June, amid high interest rates and slowing home sales in the U.S., Redfin, Compass and other real estate firms laid off hundreds of agents. The job cuts may indicate that brokerages anticipate that the cooling of the U.S. housing market has only just begun, putting an end to the period of record-low mortgage rates, […]
