Prospective buyers are pulling back and waiting for an improvement in housing affordability in a market balancing soaring inflation and record high home prices with still-rising mortgage rates
Mortgage rates are climbing, inventory is dwindling, and home prices are still rising, but a market correction could bring about big changes in the year ahead
As the Federal Reserve continues to raise its short-term rates to cool inflation and slow the housing market, prospective buyers are desperate for a reprieve
Rents fell by a singular percentage point from September to October, but the latest price drop marks the first time that one-bedroom and two-bedroom units have declined in tandem since 2020