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The Latest Breaking News from Home Prices

As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation

The latest data shows Australia's home prices are dropping at their fastest rate since the global financial crisis. Here's what's happening in your capital city.

ABC News

Australian home prices fall for six months in a row as interest rate rises bite

Home prices have been dropping over the past six months as the Reserve Bank of Australia has raised interest rates from a record low in May to curb red-hot inflation. And with interest rates set to keep rising, more falls are expected.

ABC News

Home prices fall for sixth month in a row

The home prices slump is starting to slow down but it may be premature to say the worst is over.

AAP

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South Florida has a severe housing crisis. What is it like hunting for a new home?

The pandemic exacerbated a longstanding housing affordability crisis in Miami-Dade County, leaving newcomers and residents challenged to deal with historically high home prices and rents.

Miami Herald

Mortgage rates top 7% for the first time since 2002

LOS ANGELES — The cost of buying a home took another leap this week, as the average rate on the popular 30-year fixed-rate mortgage surpassed 7% for the first time since 2002.

Los Angeles Times

Housing market predictions for 2023

We’re rounding the corner on 2022 and quickly heading toward a new year. That makes this a perfect time to prognosticate real estate matters for 2023. With mortgage rates escalating higher, home sales — and, in some areas, home prices — hitting the brakes, and increased uncertainty felt throughout the…

Tribune News Service

This Real Estate Brokerage Believes The Residential Housing Market Is In Peril and 'Winter Is Coming'

Rising home mortgage interest rates, a lack of seller inventory and still high home prices have thrown the residential real estate industry and investment strategies into a tailspin.

Benzinga

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Inflation and the housing market: What you can do as prices spike

Inflation isn’t done with the American public yet.

Tribune News Service

Is the housing market about to crash? Here’s what experts are saying

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally is slowing. While demand and price gains are cooling, any correction is likely to be a modest one, housing economists and analysts say. No one expects…

Tribune News Service

Scott Burns: Young homeowners are in for a bit of a rude awakening

If you are young and have recently become a homeowner, we need to talk.

Tribune News Service

US home sales fell in September for eighth straight month

Sales of previously occupied U.S. homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters grappled with sharply higher mortgage rates, rising home prices and a still tight supply of properties on the market

The Independent UK

Global housing market pain has echoes of a crash 30 years ago

When Covid sent the UK economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The temporary measure triggered a kind of mania among buyers, who responded by bidding up average prices by £31,000 ($35,000) — more than double the…

Tribune News Service

Sim beats Stewart in Vancouver election that hinged on housing crisis

Entrepreneur Ken Sim has unseated Kennedy Stewart as mayor of Vancouver, a city where runaway home prices and the cost of living have become pressing concerns among voters.

Tribune News Service

Rising mortgage rates are sending home prices lower

For the first time in a decade, home prices in Southern California are definitively falling.

Los Angeles Times

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Tribune News Service

Home prices decelerating by record amount, according to new report

Could housing prices finally be coming back down to earth? Year-over-year home-price growth decelerated at a record-setting pace in July 2022. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released September 27, reports that price growth dropped by 2.3% from June to July — from 18.1% to 15.8%.

Kiplinger

Kiplinger Housing Outlook: Existing-Home Sales Edge Up This Spring, but New-Home Sales Disappoint

The housing market is in the doldrums, but subtle shifts are finally on the way.

Axios

The housing market is stuck

People expecting a big housing crash might not see it happen so fast.

The Independent UK

US home prices fall for the first time in a decade

Prices still up over 2021

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Benzinga

Home Prices Down, Sales Up

Good Morning Everyone! Remember, no one gets rich panic selling.

Tribune News Service

Buyer’s remorse, agent bonuses take hold as higher interest rates change homebuying

Some of the nation’s largest homebuilders are lowering prices, providing discounts and pulling out of land deals as higher mortgage rates on top of already sky-high home prices continue to take a toll on buyer affordability.

The Independent UK

US home sales slipped, prices grew more slowly in August

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising home prices made homebuying less affordable

Los Angeles Times

Southern California's housing slowdown shows in August home prices

The Southern California median home price remained unchanged in August from the previous month as rising mortgage rates made houses even less affordable for many people.

Benzinga

Falling Home Sales Send Shock Waves Through Home Retailers And Flippers: How Bad Could It Get?

As mortgage rates topped 6%, for the first time since the 2008 financial crisis, new home buyers are being squeezed on multiple fronts since elevated home prices, interest rates, and rising inflation are adding to everyone's bottom line.

Reason

Cardi B Delivers Perceptive, Profanity-Laced Analysis of High Home Prices, Rents

The rapper blamed a lack of "motherfucking inventory" for high home prices and rising rents in low-income neighborhoods. She's not the only one.

Tribune News Service

How much will a house cost by 2030? Predictions and tips to start saving

Just 17 percent of Americans believe it’s a good time to buy a home, according to a recent survey from Fannie Mae. Between higher mortgage rates, still-high home prices and broader inflationary pressure, putting off buying a home might be the only option for some. What happens if you wait,…

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