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While the housing market is contracting and mortgage rates are jumping, the average home in the U.S. still cost over $440,000 in the second quarter of...
The Federal Reserve has a simple inflation fighting playbook. It goes like this: Keep applying upward pressure on interest rates until business and consumer spending across...
Homebuyers had enough. Spiked mortgage rates on top of record home price appreciation—up 42% since the onset of the pandemic—pushed monthly mortgage payments to a level...
How will the ‘housing correction’ shift home prices? To find out, Fortune examined six revised forecast models. Read More
To better understand the ongoing housing cycle, let’s take a closer look at how it does—and doesn’t—look like a housing bubble. Read More
“Home prices are already adjusting down, and we could see that continue until consumer confidence and affordability resets,” Ali Wolf, chief economist at Zonda, tells Fortune....
47.8% of Provo home sellers cut their list price in May. Read More
Homebuyers, already reeling from soaring home prices, increased competition and a lack of supply, are now having to contend with what increased interest rates means for...
Fed Chair Jerome Powell finally addressed the central bank’s plans for the U.S. housing market. Read More
Over the coming 12 months, Zillow predicts that U.S. home prices will climb another 11.6%. Read More