Housing affordability drops to the lowest level since 1984
It’s an unwelcome blast from the past — home buyers are facing the most unaffordable housing market since the 1980s, according to a new report....
Home Sales on Track for Slowest Year Since Housing Bust
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Homes “unaffordable” in 99% of nation for average American
The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards. That’s the...
Americans Escaping Pricey Cities Bring Higher Housing Costs, Inflation With Them: WSJ
Inflation in some warm-weather metro areas is more than 2 percentage points higher than the national rate. Source link...
‘The U.S. housing market is crumbling under the weight of higher mortgage rates and rock-bottom affordability’: Prices fell the most in these U.S. states
Americans are finding it hard to afford homes at mortgage levels now beyond 7%, according to some measures. Home prices have begun to reflect that....
Steepest Home-Price Declines in Fourth Quarter Were in the West: WSJ
U.S. home prices rose in the fourth quarter from a year earlier, but once-booming West Coast markets were among a growing number of metro areas...
The Housing Market Crash Nobody Thinks Possible Is Here
First, they told us that the housing market was fine, and the rapid spike in prices was a healthy sign. Then, they were forced to...
Investor Home Purchases Drop 30% as Rising Rates, High Prices Cool Housing Market
Real Estate Buying activity by companies fell in line with the decline in overall home sales amid higher borrowing costs Source link...
Home-Price Growth Slows Under Tide of Rising Mortgage Rates
U.S. home-price growth slowed sharply in the third quarter, the National Association of Realtors said, as affordability remained near its lowest level in decades. Source...
‘From Bambi to Godzilla.’ Strategist David Rosenberg skewers the Federal Reserve as he sees a 30% hit to home prices and the S&P 500 returning to an early 2020 low
The last time David Rosenberg shared his outlook for the U.S. stock market and the economy with MarketWatch, in late May, it was depressing enough....