Housing news today
Here are some of the latest housing news stories:
US Housing Market
- Mortgage rates hit 3-year high: The average 30-year fixed mortgage rate rose to 3.87% this week, the highest level since July 2019, according to Freddie Mac. (Source: CNBC)
- Housing market slows down: The National Association of Realtors (NAR) reported that existing home sales fell 1.3% in February, marking the third consecutive month of decline. (Source: NAR)
- Home prices continue to rise: The S&P CoreLogic Case-Shiller Home Price Index showed that home prices rose 3.8% in January, with prices up 4.7% over the past year. (Source: S&P Global)
Global Housing Market
- UK housing market slows down: The UK's housing market has slowed down due to Brexit uncertainty and rising interest rates, with property prices falling 0.4% in February, according to the Nationwide Building Society. (Source: BBC)
- Australian housing market cools down: The Australian housing market has cooled down, with prices falling 0.2% in February, according to the Australian Bureau of Statistics. (Source: ABC News)
- Chinese housing market stabilizes: The Chinese housing market has stabilized, with property prices rising 0.3% in February, according to the National Bureau of Statistics. (Source: Xinhua News Agency)
Affordability and Policy
- Affordability crisis deepens: The National Association of Realtors (NAR) reported that the affordability crisis in the US housing market has deepened, with the median home price now exceeding the median household income in many areas. (Source: NAR)
- New mortgage rules proposed: The US Department of Housing and Urban Development (HUD) has proposed new mortgage rules aimed at reducing the risk of defaults and foreclosures. (Source: HUD)
- Rent control measures proposed: Several cities in the US have proposed rent control measures to address rising rents and affordability concerns. (Source: Curbed)
Technology and Innovation
- Virtual home tours gain popularity: Virtual home tours are gaining popularity, with many real estate agents and homebuyers using technology to view properties remotely. (Source: Inman)
- Smart home technology: Smart home technology is becoming increasingly popular, with many homeowners installing smart devices to improve energy efficiency and security. (Source: Smart Home Insider)
- Blockchain and real estate: Blockchain technology is being explored in the real estate industry, with potential applications in property ownership and transaction tracking. (Source: Forbes)
These are just a few of the latest housing news stories. If you're interested in staying up-to-date on the latest developments in the housing market, I recommend following reputable sources such as the National Association of Realtors, the Federal Reserve, and industry publications.