Is the US housing market in a recession or a correction?

Is the US housing market in a recession or a correction?

This post was originally published on this siteHome builders and realtors say the housing market is in a recession; Other experts say it’s a correction as there’s a slowdown.     

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Housing supply and demand are beginning to balance

Housing supply and demand are beginning to balance

This post was originally published on this siteTOWN SQUARE | In July, homes sold in a median of 35 days, which is two days faster than in July 2021 and 25 days faster than in July 2019.

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U.S. Home-Sales Report for July Comes as Housing Market Cools

U.S. Home-Sales Report for July Comes as Housing Market Cools

This post was originally published on this siteThe housing market has been rapidly losing steam as the Federal Reserve’s aggressive path of interest-rate increases pushes up the cost of taking out a mortgage.

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Housing market heads back to 2019

Housing market heads back to 2019

This post was originally published on this siteTOWN SQUARE | By neighborhood, price drops in D.C. ranged from a low of eight percent of listings in Park View to a high of 46 percent in Fort Dupont Park.

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Residential Construction Dropped Sharply in July

Residential Construction Dropped Sharply in July

This post was originally published on this siteHousing starts fell 9.6% from the month before, as high inflation and higher mortgage rates make it more expensive to build and buy property.

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Homebuilder confidence dips for eighth straight month

Homebuilder confidence dips for eighth straight month

This post was originally published on this siteRecord home prices and elevated interest rates caused homebuilder confidence to fall for the eighth straight month in August, according to a new survey. The National Association of Home Builders/Wells Fargo housing market index dipped six points this month and turned negative for...

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Mortgage rates bounce back on strong employment and inflation data

Mortgage rates bounce back on strong employment and inflation data

This post was originally published on this siteThe 30-year fixed average, which had fallen below 5 percent, rebounded to 5.22 percent.

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Slowdown in home prices broke record in June: research firm

Slowdown in home prices broke record in June: research firm

This post was originally published on this siteAnnual home price growth dropped by nearly two percentage points in June, the largest single-month slowdown on record, according to new research. Black Knight, a real estate software and analytics company that has been tracking the metric since the early 1970s, found that...

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As housing cools, some buyers get a second chance to grab their first choice

As housing cools, some buyers get a second chance to grab their first choice

This post was originally published on this siteWith the once-scorching U.S. housing market now lukewarm, some buyers have another crack at getting that home they wanted all along.     

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Mortgage applications fall for second straight week

Mortgage applications fall for second straight week

This post was originally published on this siteMortgage applications sank for the second consecutive week even as rates dipped slightly amid fears of a looming recession. Total mortgage demand fell 5.4 percent from the previous week, according to data from the Mortgage Bankers Association that covered applications for the week...

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