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Housing market news: Unusual rate of decline in home prices

As prices continue to decelerate, a 3% or lower year-over-year increase in median prices by December is possible, one expert thinks.

United statesFreddie macJing fuLawrence yunSwapna venugopal ramaswamyAndrea kramarNational association of home buildersNational association of realtorsFederal reserveJordan picchiottinoNational associationEconomist lawrence yunHome builders

Mortgages: Why it may be worth it to put off buying a home for now

The reality is that the housing market is so tough right now that it s natural to assume they ll get better – if not in 2023, then perhaps 2024.

United statesAndrea kramarMaurie backmanMortgage bankers associationJordan picchiottinoMortgage bankersMost americansBetter mortgageGolden ruleMotley fool

South Austin condo in remodeled church sells for $1 5 million

The condo is in the former St. Ignatius Martyr Catholic Church, a 1939 Mission Revival-style structure that was transformed into four condominiums in 2018.

United statesShonda novak austinJulianna scruggsThomas josephAaron scruggsAndrea kramarKuper sotheby international realtyJefferies livingIgnatius martyr catholic churchSouth austinJordan picchiottinoSouth congressKuper sothebyInternational realtyTravis central appraisal districtJoseph design build

US home sales continue to stumble as mortgage rates keep climbing

The median home price in April leaped 14.8% from 2021 to $391,200, a new all-time high going back to 1999, the National Association of Realtors said.

United statesFreddie macAlex veigaLawrence yunAndrea kramarNational association of realtorsAssociated pressFederal reserveJordan picchiottinoNational associationMost americans

Mortgages: Will rising rates help cool down overheated housing market?

If mortgage rates keep climbing, which is likely to happen, buyers may actually start to get some relief on the home price front.

United statesAndrea kramarMaurie backmanFederal reserveJordan picchiottinoBest mortgage lenderMotley foolBetter mortgageGolden rule

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