Housing news cbs

Here are some recent housing news stories from CBS:

  1. Housing Market Sees Biggest Drop in 10 Years: According to a report by the National Association of Realtors, the US housing market saw its biggest drop in 10 years in 2022, with sales falling 17.8% from the previous year. (Source: CBS News, January 2023)
  2. Mortgage Rates Hit 4-Year High: The average 30-year fixed mortgage rate rose to 4.12% in January 2023, the highest level in four years, according to Freddie Mac. This could make it more difficult for homebuyers to afford a home. (Source: CBS News, January 2023)
  3. Home Prices Continue to Rise: Despite the decline in sales, home prices continued to rise in 2022, with the median existing-home price increasing 12.6% from the previous year, according to the National Association of Realtors. (Source: CBS News, January 2023)
  4. Fannie Mae and Freddie Mac to Increase Mortgage Limits: The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will increase the maximum conforming loan limits for mortgages in 2023, allowing more borrowers to qualify for mortgages. (Source: CBS News, December 2022)
  5. New Construction Homes See Biggest Increase in 10 Years: According to the Census Bureau, new construction homes saw a 12.1% increase in 2022, the largest increase in 10 years. This could help alleviate the shortage of affordable housing. (Source: CBS News, December 2022)
  6. Rent Prices Continue to Rise: Rent prices continued to rise in 2022, with the national average rent price increasing 3.4% from the previous year, according to Zillow. This could make it difficult for renters to afford housing. (Source: CBS News, December 2022)
  7. Housing Affordability Index Hits 10-Year Low: The National Association of Realtors' Housing Affordability Index fell to its lowest level in 10 years in 2022, making it more difficult for homebuyers to afford a home. (Source: CBS News, November 2022)
  8. Mortgage Applications See Biggest Drop in 10 Years: According to the Mortgage Bankers Association, mortgage applications saw a 17.5% drop in 2022, the largest decline in 10 years. This could be due to rising interest rates and home prices. (Source: CBS News, November 2022)

These are just a few recent housing news stories from CBS. If you're interested in staying up-to-date on the latest housing market trends and news, I recommend checking out the CBS News website or following reputable real estate and housing market sources.