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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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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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

One unintended consequence of the unaffordable housing market: Crashing furniture sales

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buying couch sofa furniture shopping
Furniture sales have softened as the housing market grows increasingly unaffordable.

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