These indicators tell us the housing market is hitting the brakes

Tech Insider

It's Friday — Phil Rosen here. Before we rush into the weekend, let's check in with the slowing pace of the housing market, and what that means for the rest of the year's outlook.

One last lap before the weekend! 

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Home sales see shrinking profits as prices fall in most of the US

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Midwest
A home for sale in Pleasant Prairie, WI.

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Homebuyers hoping for better deals as prices drop are getting slammed as average payments just hit a record high

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A house with a for sale sign in the front.
The typical US homebuyer's mortgage payment hit a record high in April, according to Redfin.

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Home prices see largest decline since 2012 as banking crisis hits demand: 'There's this fear that everything will crash'

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Couple looking at residential house
Homeowners insurance ensures you're covered in the event you undergo a home-related loss.

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Real-estate agents are about to get slammed, big-time

Tech Insider : Economy
A House speeding downwards with graph arrows towards a realtor
As home sales slow down and inventory gets tighter, real-estate agents are about to find out who's in it for the long haul and who will get washed out.

Tyler Le/Insider

Many won't survive the housing crunch

Price discounts for new homes are drying up as demand rebounds, homebuilders say

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A worker makes repairs to a home under construction in Newark, California.
A worker makes repairs to a home under construction at the Lennar Bridgeway development in Newark, California.

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It's much easier to buy a home in these 5 cities than it was last year

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flowers in front of Raleigh, North Carolina skyline
Raleigh, North Carolina, one of the places where power has shifted most to homebuyers. A typical property sat on the market for 53 days in March.

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The housing market is confusing top real-estate forecasters, and no one agrees if home prices are going to fall or climb this year

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remax sign, for sale, home for sale

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Housing is so unaffordable that banks are losing money for each mortgage they finance for the first time ever

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housing

Robert Galbraith/ Reuters

Sorry, homebuyers. Houses aren't getting cheaper.

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A for sale home sign
New home sales fell 19% year-over-year in February, according to the US Census Bureau. But homes are still expensive.

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