The housing market is rebalancing after years of red-hot home sales, but while supply and demand are falling, home prices have yet to fall from record highs
The 30-year fixed-rate mortgage just surpassed 6%, and while pricier borrowing costs will push homeownership out of reach for some would-be buyers, others will benefit from less competition and more bargaining power
Luxury buyers are pressing pause on high-end home purchases after the most recent interest rate hike, which will make monthly payments thousands of dollars more expensive for million-dollar properties
For two years, buyers and homeowners have been rocked by historic home price increases and rising mortgage rates, and a worsening affordability crisis may still be far from over
Buying a home looks a lot different today than it did prior to the COVID-19 pandemic, but despite new obstacles for today's buyers, some consumer trends have remained the same
Mortgage rates surged to 6% at the end of August, and as a growing number of homebuyers back away from the for-sale market, home sellers are following suit