Decade-High Mortgage Rates Pose Threat to Spring Housing Market

U.S. housing sales are heating up again this spring, but the highest mortgage rates in more than a decade threaten to cool the sales pace that has gripped the market for nearly two years. Home sales r...

Why Housing May Not Get as Hammered as Usual in This Rate Hike Cycle

Traditional home buyers are sure to be pinched by rising mortgage rates, but better-financed investors could keep prices rising. Here, a home for sale in Houston last summer. Brandon Bell/Getty Images...

Weekend reads: the slowing housing market and inverted yield curve signal a coming recession

It is human nature to fear missing out as prices skyrocket, But all bubbles burst eventually. Ian Shepherdson of Pantheon Macroeconomics predicts a 25% decline in U.S. home sales. What will that do to...

New home sales decline, surprising analysts, even though the inventory of properties for sale has hit the highest level since 2008

The numbers: U.S. new-home sales decreased 2% to an annual rate of 772,000 in February, the government said Wednesday. That figure represents the number of homes that would be sold over a yearlong per...

Elon Musk Has Sold Seven Homes for Nearly $130 Million After Vowing to ‘Own No House’ 

It’s been almost two years since Elon Musk announced a plan to sell nearly all of his physical possessions, including his real estate, by tweeting “Will own no house” on May 1, 2020. The billionaire T...

Housing Market Is the Fed’s Frankenstein, and It Won’t Be Easily Tamed

Fed chief Jerome Powell says there is an ‘element of uncertainty around the balance sheet’ and the central bank’s plans to shrink it from the pandemic-inflated $9 trillion at which it now stands. Grae...