Source: USA Today — If “hot” was the overused word to describe the U.S. housing market in 2021, then lukewarm to outright freezing might best describe how the market fared overall this year. The pandemic housing market boom, which saw home prices go up by 40%...
Source: The Hill — Amid a housing market plagued by high mortgage rates, inflation woes and recession fears, housing prices in the U.S. are expected to fall next year, though the market isn’t likely to see a jump in buyers as a result. Forecasters indicate...
Source: CNBC News — The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mortgage News Daily. It is now at the lowest level since mid-September. The decline came after a lower-than-expected reading of November’s consumer price...
Source: Fox Business — An alarming number of new homeowners are discovering they owe more on their mortgage than their home is worth as surging interest rates send housing prices spiraling down. About 250,000 Americans who took out a mortgage this year to buy...
Source: MPA Mag — Given the economic downshift seen this year, there is a question on virtually everyone’s mind: Is the housing market about to crash or in danger of collapsing soon? While nobody has a crystal ball to glimpse into the future, one pundit shared...
Source: NAHB — The prices of building materials decreased 0.3% in November (not seasonally adjusted) following 0.5% and 0.1% declines in September and October, respectively, according to the latest Producer Price Index (PPI) report. The index has decreased five...
Illinois Home Sales and Inventory Decline While Median Price Rises
