The housing market has hit 'rock bottom' and the sales slump will last a long time, Redfin CEO says

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Redfin

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Why now is actually a good time to buy a house

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Home for sale
There's an argument to be made that buyers shouldn't wait for rates or prices to drop, and to stay in the market even as affordability looks strained.

AP

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

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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

Home foreclosures are at their highest level since the start of the pandemic as the 'financial aftermath' take a toll on buyers

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A home foreclosure sign.
A home foreclosure sign.

Reuters

Applications for home loans have plunged to the lowest level since 1996 as mortgage rates notch 23-year highs

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A mother and her daughter walk past a 'for sale' sign.
The 30-year fixed mortgage rate notched 7.53% over the last week, per the latest MBA data.

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The US housing market is set to cool this fall, setting up a rare opportunity for buyers as sellers slash prices, Zillow says

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A house surrounded by snow, with a

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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.

Photo by Joe Raedle/Getty Images

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

Thomson Reuters

Rent prices in the US are just shy of notching a new all-time high

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brooklyn apartment rent
Rents are so expensive that more landlords are offering free months in a bid to attract tenants.

Drew Angerer/Getty

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