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News Articles: Home prices

Housing sales remain slow, despite mortgage rates a point lower than a year ago.

Tagged as: 

  • Business

Mortgage rates were supposed to come down. Instead, they're rising. Here's why

Mortgage rates are ticking up, even after the Federal Reserve has started cutting interest rates. Here's why, and where rates — and home sales — could go from here.

October 18, 2024
|
By:
  • Laurel Wamsley
Home prices hit a record high in May even as home sales fell.  High interest rates are keeping many would-be buyers and sellers on the sidelines.

Tagged as: 

  • Business

Home prices just hit a record high. Here are 4 things to know about housing

The housing market continues to be impacted by high mortgage rates. That's reducing the supply of available housing, sending home prices to an all-time high.

June 22, 2024
|
By:
  • Scott Horsley

Tagged as: 

  • News

Study says Atlantans lost more than a billion dollars in real estate wealth to corporate investors

A new study by Georgia Tech researchers attempts to measure how much wealth Atlantans have lost over the past decade or so, as they've been pushed to the sidelines by large corporate real estate investors.

May 22, 2024
|
By:
  • Peter Biello
Would-be home buyers are battling high prices and high interest rates, but some are finding a way to make it work.

Tagged as: 

  • Economy

Tough housing market is luring buyers without kids and higher incomes

A report from the National Association of Realtors shows the average home buyer this past year had a six-figure income. Others face challenges in a period of high prices and costly home loans.

November 14, 2023
|
By:
  • Scott Horsley
A maintenance worker sweeps the street in front of a row of new homes in Fairfax, Va., on Aug. 22. Sales of new homes are taking off as current homeowners are reluctant to sell their houses, because they would face a higher mortgage for their next one.

Tagged as: 

  • Economy

These are 5 ways surging mortgage rates are reshaping the housing market

The housing market is showing a split: Sales of existing homes were down last month, but sales of newly built houses were up.

August 25, 2023
|
By:
  • Scott Horsley
The median home price has risen to $413,800, the second highest price ever, according to data released Thursday by the National Association of Realtors.

Tagged as: 

  • Business

Inflation may be cooling, but the housing market is still too hot for many buyers

The median home price has risen to $413,800 – the second-highest price ever — thanks to a shortage of homes on the market and high mortgage rates. Experts say renting may be a better option.

July 20, 2023
|
By:
  • Erin Kenney
Even though higher mortgage rates are starting to curb housing prices, the share of first-time homebuyers has fallen to a historic low, according to the National Association of Realtors.

Tagged as: 

  • National

Voters approved more money for affordable housing around the country

Skyrocketing rents and home prices have been a major part of voters' economic pain. New spending will go toward building and subsidizing more housing, and helping people avoid homelessness.

November 10, 2022
|
By:
  • Jennifer Ludden
Mike Johansen stands by the door of the camping trailer where the couple is living while they wait for construction on their new home to be finished.

Tagged as: 

  • Economy

With mortgage rates near 7%, the housing party is over. Now it's hangover time

The highest rates in 20 years are dashing the dreams of some would-be homebuyers. Others stretch to buy but spend close to $1,000 a month more in monthly payments for a typical house.

October 13, 2022
|
By:
  • Chris Arnold
Both home prices and the pace of home sales are falling nationally as higher mortgage rates cool off the market.

Tagged as: 

  • Economy

Home prices see biggest drop in 9 years, thanks to higher mortgage rates

The super-heated housing market is cooling off. Home prices have fallen about 6% since their peak in June. The pace of sales also fell for the 7th straight month.

September 22, 2022
|
By:
  • Chris Arnold
Katrina Wooten signed a contract to buy this home that's under construction near Gainesville, Fla. Then mortgage rates jumped sharply higher.

Tagged as: 

  • Your Money

Adjustable rate mortgages can be cheaper but risky. Here's what you need to know

With mortgage rates up sharply, many more homebuyers are turning to adjustable rate loans. These can be more affordable, at least at first. But they come with a big risk. Is it worth it?

September 10, 2022
|
By:
  • Chris Arnold
College students Sanaa Sodhi, right, and Cheryl Tugade look for apartments in Berkeley, Calif. in March of this year.

Tagged as: 

  • Your Money

Rents across U.S. rise above $2,000 a month for the first time ever

A new report shows the cost of renting a home or apartment is up 15% nationally to a new record high.

June 09, 2022
|
By:
  • Chris Arnold
Kevin Dole works from home next to his wife's bureau and near his drum set in the couple's small two-bedroom condo in Nashville, Tennessee.

Tagged as: 

  • Your Money

Home prices could fall in some U.S. cities. Here's where and why

During the past two years, home prices nationally have soared more than 30%. Rising mortgage rates make affording a home even harder. That has many people wondering if we're in another housing bubble.

May 12, 2022
|
By:
  • Chris Arnold
Mortgage rates on 30-year, fixed-rate loans rose above 5% this week. That's pushing the cost of buying a home higher and making homeownership unaffordable for more people.

Tagged as: 

  • Business

Mortgage rates just hit 5%. Here's how much more expensive that makes home ownership

Higher mortgage rates and home prices have pushed the monthly payment to buy the median-priced home in the U.S. up more than 50% since the start of last year. Many first-time buyers can't afford it.

April 08, 2022
|
By:
  • Chris Arnold
A "for sale" sign is posted on a home last month in Philadelphia.

Tagged as: 

  • Economy

First-time homebuyers are getting squeezed out by investors

With a historic shortage of homes for sale, investors making cash offers are pushing first-time homebuyers out of the market.

February 18, 2022
|
By:
  • Chris Arnold and
  • Anthony Tellez
A for rent sign in Palo Alto, California. Across the country rents are on the rise, in part due to a historic shortage of homes either to rent or buy.

Tagged as: 

  • Economy

It's not just home prices. Rents rise sharply across the U.S.

Renting a place to live is getting a lot more expensive, according to a survey that tracks rental listings across the biggest 50 U.S. cities.

February 14, 2022
|
By:
  • Chris Arnold
  • Load More

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