The housing market is rebalancing after a competitive period of low interest rates, huge buyer demand, and competitive home prices

But the National Association of Home Builders attributes these affordability shifts to changes in the composition of prospective buyers rather than increase in overall affordability

While home builders benefited greatly from the COVID economy, they are now starting to see a shift as the market slows and are preparing for the worst

According to Zillow, the average number of days homes are staying on the market continues to climb, a 45% increase from last year

While some Americans are still looking for larger homes post-pandemic, others are downsizing as they spend less time indoors. These popular cities have options for every size preference

Americans are moving away from costly metros and are instead seeking out sunny markets with more affordable home prices

Luxury home builders in Austin, TX couldn't finish new projects fast enough throughout a pandemic-induced homebuying boom, but as a market correction takes effect, home sales are stalling and supply is stacking up

U.S. economists warn that the housing market is headed toward a large correction, and some overheated metros could see major price drops

According to Redfin, 58% of homeowners are investing to ensure their homes can withstand current and future climate threats, with one-third of homeowners spending $5,000 or more