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Home sales have plummeted to their lowest in 13 years as 8% mortgage rates batter the housing market

Thu, 10/19/2023 - 13:05

Tech Insider

Mortgage home sales — Sky-high mortgage rates keep battering the US housing market, with the 30-year fixed mortgage clocking in at 8% this week.
Lucas Jackson/Reuters

Markets, mi-exclusive, housing-market, us-housing-market, home-sales, us-home-sales, housing-inventory

The 10 cities with the most competitive housing markets

Thu, 10/19/2023 - 05:30

Tech Insider

Omaha Nebraska — Omaha, Nebraska, is one of the most competitive housing markets in the country right now.
Shutterstock

Real Estate, home-prices, housing-market, Affordability, Redfin

The interest rate on the most popular American home loan hits 8% for the first time since 2000

Wed, 10/18/2023 - 15:14

Tech Insider

home for sale — Mortgage rates have marched steadily higher throughout 2023, breaching 8% on Wednesday.
Getty Images / Scott Olson

Markets, mi-exclusive, Markets, housing-market, mortgage-rates, bond-yields, bond-markets

Homebuilder confidence drops to the lowest in 10 months as high mortgage rates freeze the housing market

Tue, 10/17/2023 - 14:58

Tech Insider

Home builders constructing a home. — Builder confidence in the market for newly built single-family homes rose four points to 35 in January, according to the National Association of Homebuilders.
Getty Images

Markets, mi-exclusive, Markets, housing-market, Homebuilders, housing-outlook, homebuilder-confidence

The 30-year mortgage rate hits a new 23-year high, pushing closer to 8%

Tue, 10/17/2023 - 13:16

Tech Insider

home for sale — Justin Sullivan/Getty

Markets, mi-exclusive, Markets, housing-market, mortgage-rates, 30-year-mortgage, home-prices

Americans now need to earn a record $115,000 to afford a typical home - up more than 50% since the pandemic

Tue, 10/17/2023 - 11:25

Tech Insider

Income required for median US home — Income required for median US home
Redfin

Markets, mi-exclusive, housing-market, Homebuyer, buyer, home-price, Affordability

CHART OF THE DAY: Here's the simple reason why home prices won't fall anytime soon

Tue, 10/17/2023 - 10:40

Tech Insider

Home prices — LPL Financial

Markets, mi-exclusive, chart-of-the-day, housing-market, housing-prices, Markets

Why the housing market sucks for both buyers and sellers

Tue, 10/17/2023 - 10:25

Tech Insider

An overview of an American neighborhood. — Experts predict the current housing market freeze will continue.
Getty Images

Real Estate, real-estate, Affordability, housing-market, housing-crisis, homes-for-sale

We moved to Austin for the tech jobs, but finding a home was defeating. We kept getting outbid by people making cash offers sight-unseen.

Sun, 10/15/2023 - 06:33

Tech Insider

Sarah Hollingsworth relocated from San Antonio, Texas, to Austin in 2019.

Samantha J Photography

Real Estate, Austin, san-antonio, Texas, housing-prices, housing-market, Relocation

Housing has never been this unaffordable - and home prices are only going to keep rising, Goldman Sachs says

Sat, 10/14/2023 - 05:45

Tech Insider : Economy, Economy

An above shot of houses, yards, and streets. — US house prices will carry on rising despite record-low affordability levels, according to Goldman Sachs.
adamkaz/Getty Images

economy, Markets, economy, Markets, real-estate, house-prices, Housing

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