The Federal Reserve paused interest rate hikes for the first time in nearly a year last week, but experts say one key factor is still sustaining high home prices
The Fed opted not to elevate already high interest rates this month, and experts say that rare break could mean greater housing affordability is on the horizon
Housing experts predict "with a high a degree of confidence" that shelter inflation, which has been persistently high for months, will drop during the second half of 2023
The majority of U.S. homeowners currently have a below-market mortgage rate, and rather than refinancing, many would-be sellers are backing out of the for-sale market
Elevated mortgage rates are making homeownership more expensive for prospective buyers, but another housing obstacle is exacerbating the affordability crisis
Mortgage rates dropped by one-tenth of a percentage point at the start of June, but that gradual improvement in housing affordability wasn't enough to lure buyers back to the for-sale market
Gen Zers and Millennials are most disadvantaged by a financial crisis caused by soaring inflation and stagnant wage growth, and as a result, many are boycotting a volatile housing market
The Federal Housing Administration is working to reduce monthly payments for homeowners struggling to pay their mortgages by introducing a new payment supplement program
