Existing-home sales reversed a 12-month slide in February while home prices fell year-over-year, ending the longest price growth streak on record.
Author: Swapna Venugopal Ramaswamy, USA TODAY
Housing market: After months of decline, single-family construction rose in February
Compared to February 2022, home building is down 18%, with single-family housing down 32%. Meanwhile, apartment construction was up 14% year over year.
US banking crisis: Close to 190 banks could collapse, according to study
The Fed’s aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.
These are the 10 housing markets across the US where home sellers are sitting pretty
Affordability is a key factor when it comes to areas where sellers still have advantages. There are the 10 hot locations in the housing market.
‘Will live with blue and green tiles’: Home buyers compromising to appease housing market
High mortgage rates, limited inventory and eroding affordability are still forcing buyers to make most of the compromises.
‘It’s a wake-up call’: Advocacy groups, lawmakers highlight law they say led to SVB collapse
Congress must repeal the Trump-era law, which was supported by both Republicans and Democrats, say advocates and some lawmakers.
Applying for a mortgage? How to improve your credit score and save when buying a house
Consider calling your credit card company to see when your statement is reported to credit bureaus. Some report balances on or before the due date.
Which states did home prices go up (or down) in? Three Midwestern states make the top 5 list
Despite the overall cooling housing market, 11 states saw double-digit increases in home prices this February compared to the same time last year.
Millionaires row no more: Number of houses that cost seven figures nationwide is dropping
The total value of U.S. homes was $45.3 trillion at the end of 2022, down 5% ($2.3 trillion) from a record high of $47.7 trillion in June.
Homebuyers again retreat to the sidelines as higher rates crimp affordability
Mortgage application volumes were 44% lower than the same week one year ago. The Refinance Index was 74% lower than the same week last year.