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News for: Housing Market
Showing 217 - 240 of 317 results
Jun 30, 2025 10:00 AM
— Housing Market
Why are home prices so high? Factors contributing to current housing costs.
The article discusses the rising home prices in the United States due to various factors such as lack of affordable housing supply, low mortgage rates that give homeowners little incentive to sell and trade up, and additional economic stressors like tariffs, labor shortages, and insurance costs. The current situation seems to be affecting both buyers and sellers, leading to higher prices and a sup... more
Jun 29, 2025 5:00 AM
— Housing Market
Falling home prices are raising the risk of a deeper correction as the housing market cracks under high mortgage rates
Recent housing market indicators show a persistent weakness in home prices, with month-over-month declines and a risk of a prolonged downturn due to high mortgage rates around 7%. The latest Case-Shiller and FHFA price reports indicate falling house prices, slowing demand, and declining momentum in the existing homes market. Economists attribute the price declines to high mortgage rates, elevated ... more
Jun 28, 2025 3:00 PM
— Housing Market
Falling home prices are raising the risk of a deeper correction as the housing market cracks under high mortgage rates
Recent indicators suggest a possible extended slump in house prices, with the Case-Shiller home price index showing a 0.3% monthly fall and the FHFA price index also indicating a drop. The market is facing challenges due to near-7% mortgage rates, high borrowing costs, and weakening consumer demand. While lower prices may attract more buyers, economists warn of ongoing headwinds that could lead to... more
Jun 28, 2025 1:00 PM
— Housing Market
Have slightly lower mortgage rates stabilized the housing market?
Mortgage rates have been slowly decreasing, with the last two weeks being particularly noteworthy. Despite elevated rates, homebuyers are not discouraged, and new listings are slowing down, showing a lack of stress among home sellers in 2025. As mortgage rates dip and Washington rethinks housing policy, buyers may have a narrow window of opportunity in a cautious market.
Jun 28, 2025 5:03 AM
— Housing Market
New Home Sales Drop to Lower End of Range After Hitting The Highs Last Month
New Home Sales dropped sharply in May, with a 13.7% decrease from April and a 6.3% decrease from the same month last year. Inventory increased to 507,000 homes, resulting in a 9.8-month supply, the highest in several years. Median and average home prices also rose compared to the previous month and year. The decline in sales was most significant in the South and West regions.
Jun 28, 2025 5:02 AM
— Housing Market
Pending Home Sales Data Scores Some Points, But Not Enough to Change The Game
The National Association of Realtors' Pending Home Sales Index has been rangebound for over two years due to affordability pressures and elevated mortgage rates. Despite a modest 1.8% increase in May, the index is still below pre-2022 levels. Contract activity remains sluggish due to rate constraints in the housing market.
Jun 25, 2025 12:00 PM
— Housing Market
US housing construction is dead with current mortgage rates
The article discusses why housing permits and housing starts are at recessionary levels despite new home sales staying within a range for many years. Homebuilders' profit margins are dwindling, impacting housing construction. Builder confidence is low, with optimism based on expectations of decreasing mortgage rates and reduced regulations. The article emphasizes the negative impact of high mortga... more
Jun 25, 2025 8:00 AM
— Housing Market
New home sales plummet more than expected as high mortgage rates sink demand
New US single-family home sales fell more than expected in May due to high mortgage rates, leading to an increase in unsold houses on the market. Mortgage rates remain elevated, contributing to the decline. The Federal Reserve has paused its interest rate cutting cycle in response to economic uncertainty from tariffs imposed by President Trump. Builder sentiment has also dropped to a 2-1/2-year lo... more
Jun 24, 2025 12:00 PM
— Housing Market
Home Prices Fell More Than Expected in April
Both FHFA and Case-Shiller home price indices show a shift in the housing market, with prices rising if seasonality is ignored but down 0.4% from March when adjusted. Regional variations exist, with some divisions experiencing falls and others rises. Overall, home price growth is decelerating, with the smallest annual gain since mid-2023. The data suggests a continued cooling of the market.
Jun 23, 2025 8:00 AM
— Housing Market
Home sales just posted their slowest May in 16 years
Existing home sales in the U.S. for May decreased compared to the same month last year, with affordability being a key challenge as median home prices have risen while wages have not kept up. Inventory of homes for sale has increased by more than 20%, shifting the market to favor buyers in some areas. Home prices have continued to rise, though at a slower rate than during the pandemic. Buyers have... more
Jun 23, 2025 8:00 AM
— Housing Market
Home sales rose slightly in May, but high mortgage rates are still hurting the market
US existing home sales increased slightly in May, showing a small sign of life in a housing market heavily impacted by high mortgage rates and economic uncertainty. Sales rose 0.8% to a seasonally adjusted annual rate of 4.03 million homes. However, compared to the previous year, sales were down 0.7%. NAR's chief economist mentioned that persistently high mortgage rates have contributed to subdued... more
Jun 23, 2025 7:04 AM
— Housing Market
May home sales barely move as high mortgage rates, prices, weigh on housing market
Existing home sales in the U.S. rose slightly in May but remained weak due to high mortgage rates and rising home prices. Affordability is a key issue for homebuyers, with prices hitting an all-time high. Despite the increase in inventory, homes are still unaffordable for many buyers due to the high mortgage rates, forcing them to save more for down payments.
Jun 23, 2025 7:00 AM
— Housing Market
US existing home sales rise in May; mortgage rates still a constraint
U.S. existing home sales unexpectedly increased in May, but the trend remained weak due to high mortgage rates. The slowest May sales pace since 2009 was recorded, with a 0.8% increase in sales compared to the previous month. The Federal Reserve is keeping interest rates steady but expects inflation to increase amidst import duties. Housing market sentiment is low, with builders cutting prices to ... more
Jun 22, 2025 9:01 PM
— Housing Market
Survey: More than 1 in 4 Americans feel they need to make $150,000 or more to live comfortably
The majority of U.S. adults feel financially insecure due to factors like inflation, lack of salary increases, and high cost of living. Many feel they need a six-figure income to feel financially secure, but job market uncertainty makes this difficult. Different generations and genders have varying views on financial security and income requirements.
Jun 22, 2025 5:03 AM
— Housing Market
Electric vehicle (EV) tax breaks may hit a dead end under Trump’s ‘Big Beautiful Bill’
A Republican-led proposal threatens to eliminate the popular electric vehicle (EV) tax credit by 2025, which has been a driving force behind the EV boom. The current law allows for a credit of up to $7,500 for new EVs and $4,000 for used EVs, based on income and purchase requirements. The Senate bill aims to end the credit much sooner than the House bill, with the potential for a manufacturer-base... more
Jun 21, 2025 5:02 AM
— Housing Market
Homebuilder Sentiment Just a Bit Gloomier
Builder sentiment declined for the second consecutive month according to the NAHB and Wells Fargo's HMI. All components of the index, including current sales conditions, sales expectations, and buyer traffic, decreased. Builders are facing challenges due to high mortgage rates and material costs, resulting in increased price reductions and incentives to attract buyers.
Jun 20, 2025 12:48 PM
— Housing Market
Mortgage servicers benefit most from Fed's inaction: KBW
Following the Federal Open Market Committee's June meeting, interest rate spreads are expected to narrow but the impact on mortgages is mixed. Median home prices have risen to a record high, but sellers are accepting lower offers as the market shifts towards the buyers' favor. Bill Pulte's social media posts criticizing inflation have put pressure on the Federal Reserve chairman. Manufactured hous... more
Jun 20, 2025 11:00 AM
— Housing Market
Housing Starts Slide in May, But Single-Family Holds Steady
The latest Residential Construction report from the Census Bureau showed a drop in overall housing starts in May, but single-family activity had a small gain. Building permits also declined, with multifamily starts seeing the sharpest drop. Single-family starts edged up slightly and housing completions increased. Overall, the report indicates a slight cooling in new construction momentum.
Jun 19, 2025 5:04 AM
— Housing Market
Baby boomer plans put others' homeownership goals on hold
Baby boomers are not selling homes as expected, with many saying they won't sell for at least another decade, leading to uncertainty in the housing market. Interest in condo units has dropped to a 10-year low due to insurance and fee increases. Major housing markets are experiencing annual home price declines amid high mortgage rates. Inventory of homes for sale is high, leading to a decrease in b... more
Jun 19, 2025 3:00 AM
— Housing Market
Why More Sellers Are Choosing To Move, Even with Today’s Rates
Many homeowners are hesitant to move despite low mortgage rates, but the data shows that more people are choosing to sell and take on higher rates in order to meet their real-life needs and reasons for moving. While experts expect mortgage rates to ease slowly, waiting for a significant drop may result in feeling stuck in a space that no longer fits. It's important to consider what type of home wi... more
Jun 19, 2025 3:00 AM
— Housing Market
Why the housing market is so stuck, in 4 charts
The US housing market is currently sluggish, with high home prices, high mortgage rates, and economic uncertainty driving more sellers to list their properties but prices remaining high. Mortgage rates have been stable at a relatively high level of 6.8% to 7%, leading to stability in the market but pricing potential buyers out of it. Home price growth has surpassed wage inflation, causing a stands... more
Jun 18, 2025 8:00 AM
— Housing Market
Buyers aren't biting on lower rates amid economic doubts
Geopolitical uncertainty is causing fluctuations in the housing market, with rates remaining relatively stable and demand fluctuating. Top lenders have high mortgage origination volumes. Mortgage applications have recently risen after a month of decline. A closed meeting between relevant agencies is the first since 2017. The average 30-year fixed-rate mortgage has slightly increased. A growing sup... more
Jun 18, 2025 7:00 AM
— Housing Market
Why More Sellers Are Choosing To Move, Even with Today’s Rates
Many homeowners are hesitant to move due to their low mortgage rates, but the desire for more space or to be closer to family is pushing more people to sell despite potentially higher rates. As mortgage rates are expected to only decrease slightly, waiting for a big drop may not be worth staying in a space that no longer fits. It's important to consider what type of home would best support your cu... more
Jun 17, 2025 8:00 AM
— Housing Market
Builders scale back as costs, supply rise
Housing permits fell for the fourth consecutive month, indicating a slowdown in construction due to a weak housing market. However, housing starts increased in April, mainly driven by multifamily home construction. Purchases of new single-family homes also rose significantly, reaching the highest level since February 2022. Despite this, major housing markets are experiencing home price declines, w... more
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The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 600 lenders. Mortgage-Rates.ai does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@mortgage-rates.ai
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.