House-flipping profits continue to rebound as home prices soar

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suburb

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Home prices could jump 5% in the next 12 months as high mortgage rates freeze the housing market, Zillow economists say

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Home prices
Home prices will jump by 4.9% by August of next year, Zillow economists warned.

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CHART OF THE DAY: The housing market's post-pandemic sales rebound has been wiped out by high mortgage rates

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Existing home sales

National Association of Realtors

America's housing market is so tight that even Wall Street giants can't find homes to buy

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for sale sign flag america home

REUTERS/Jonathan Ernst

The US housing market is headed for the largest sales slowdown since 2011, Fannie Mae says

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A woman toting an umbrella passes Fannie Mae headquarters in Washington February 21, 2014. REUTERS/Kevin Lamarque
Woman walks past Fannie Mae in Washington

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The housing market is brutal. These 6 charts show just how bad things are for buyers.

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The housing market is brutal for buyers right now.
The US housing market is brutal right now, as low inventory keeps unaffordability high.

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The delayed effect of mortgage rates means housing affordability is actually about to get worse

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home for sale
Home prices are set to jump 0.7% year-per-year, notching a new all-time-record, according to Morgan Stanley.

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The housing market is seeing more buyers get cold feet as mortgage rates soar

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An above shot of houses, yards, and streets.
US housing market

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The housing market has never been this expensive

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The housing market has never been this expensive.
The housing market has never been this expensive.

UCG / Getty

Here are the top 3 reasons why Americans say they haven't bought a home in today's market

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A row of homes in a residential neighborhood.
Americans pointed to a lack of inventory, high mortgage rates, and expensive homes as reasons to hold off on purchasing a house.

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