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

The Mortgage Bankers Association's Purchase Applications Payment Index reached a record high in April, highlighting the severity of a nationwide housing affordability crisis that disproportionately affects first-time buyers

While some housing markets are posting price declines in a nationwide correction, cities such as Las Vegas are seeing slow sales and inflated housing costs, even as inventory rises

Homebuyers are growing increasingly pessimistic about the for-sale market as mortgage rates and home prices continue to climb

Americans can now buy a home with just 1% down, but experts warn there are risks associated with bargain mortgages

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 Lone Star State bypassed a 2008 home price crash, but it's now caught in the middle of a 2023 market correction

Asking rents are on track for negative year-over-year growth by June or July, says housing analyst Bill McBride

While for-sale inventory is rising slowly but steadily nationwide, many markets remain undersupplied and overpriced on a year-over-year basis