Home prices could drop for the next 6 months as inventory rises by the biggest margin since the financial crisis, investment strategist says

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An advertisement for a reduced price is seen outside of a home for sale in Dallas, Texas September 24, 2009. REUTERS/Jessica Rinaldi
An advertisement for a reduced price is seen outside of a home for sale in Dallas

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Home prices are falling at the fastest pace since 2022 as stubborn interest rates slash demand

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A realtor sign advertises that the price of a house has been reduced
A realtor sign advertises that the price of a house has been reduced

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Home prices will 'go through the roof' as soon as rates come down a single percentage point, 'Shark Tank' investor Barbara Corcoran says

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Barbara Corcoran

BI

Rates on the most popular US home loan drop to the lowest in 6 months

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A FOR SALE sign is displayed outside a property on Madison Ave. in Toronto.
Interest-only mortgages were much more strictly regulated after the financial crisis, but now higher-income borrowers are turning to them as home prices stay high.

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The housing market is in for a new 'golden age' of home construction, real estate veteran says

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golden age housing
Home builders could see a new "golden age" next year, according to one real estate veteran.

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30-Year Mortgage Rates: Compare Current Rates

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Our experts answer readers' home-buying questions and write unbiased product reviews (here's how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.

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 prices could drop 5% next year if mortgage rates stay at 2-decade highs, Morgan Stanley says

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reduced house price
The 30-year fixed mortgage notched 8% this week, its highest level since the year 2000.

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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 average homebuyer lost $71,000 in purchasing power over the last year as mortgage rates refuse to ease

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US house prices
The average 30-year fixed mortgage rate clocked in at 7.48% the last week, according to Mortgage News Daily.

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