Existing home sales fall for 5th month as supply crunch worsens
Existing home sales slump in August as supply shortage, high mortgage rates hit consumers.
Homeowners face rising insurance rates as climate change makes wildfires, storms more common
A report released Wednesday says states such as California, Florida and Louisiana, which are prone to wildfires and damaging storms and flooding, are likely to see the most dramatic increases in premiums.
Changes coming to short-term rental rules in Phoenix
Some neighborhoods are welcoming the added oversight of short-term vacation rentals in Phoenix.
Millennials feel they missed 'golden opportunity' to buy a home
A key mortgage rate reached 7.18% over the past week.
Monthly home prices hit all-time high, driving pending sales down
Monthly home prices have hit an all-time high in recent weeks, driving down pending home sales by as much as 28%.
City of Scottsdale defends hotel rooms to address the homeless crisis as residents push back
Hotels for the homeless – that’s the issue at the heart of a contentious public hearing in Scottsdale on Wednesday. The city's mayor says the program helps veterans and single-parent families.
Why are home prices so expensive? Blame the boomers, Barclays says
Would-be homebuyers nationwide are facing a spike in housing costs amid an ongoing affordability crisis - and baby boomers may be to blame, Barclays says.
Section 8: What to know as Phoenix opens affordable housing voucher waitlist to applicants
It has been almost seven years since the City of Phoenix accepted pre-applications for a program commonly known as 'Section 8.' Here's what you should know about the city's Housing Choice Voucher program, as they city is once again accepting pre-applications, albeit for a short period of time.
Miami Beach's iconic Clevelander Hotel and Bar to be replaced with affordable housing development
Plans are underway for an iconic Miami Beach hotel and bar to be replaced with a high-end restaurant and affordable housing units, the building's owner announced.
Phoenix City Council votes 8-1 to legalize casitas in backyards
Phoenix city leaders voted 8-1 to approve a proposal that would once again allow homeowners to build full-fledged living units in their backyards.
Mortgage demand plummets as high rates squeeze buyers
High mortgage rates are rapidly cooling housing demand.
Phoenix votes to legalize guest houses in backyards
Phoenix city leaders voted 8-1 to approve a proposal that would once again allow homeowners to build full-fledged living units in their backyards.
Expert says ‘some kind of miracles’ needed in 'world of real estate' to reverse trends
The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce.
Survey: Half of homeowners want to move but feel stuck
Even a small shift in mortgage rates could make a big difference to home affordability.
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage
The US housing market may be trapped in a prolonged freeze
Fannie Mae economists predicted in a revised forecast that the U.S. housing market faces a prolonged downturn due to high mortgage rates and limited supply.
Mortgage rates reach highest level in over 20 years
Rates for a 30-year fixed mortgage now average 7.09%, the highest since 2002, putting further pressure on the cooling housing market amid high prices.
Real estate brokerage giant predicts 'tough' market for remainder of 2023
Redfin CEO Glenn Kelman said the real estate market is at a 'standstill.'
Homebuilder sentiment plummets as mortgage rates surge again
Builder confidence unexpectedly dropped for first time this year.
These four US cities face the biggest housing shortages
The U.S. housing shortage is worse in several cities that have experienced a booming labor market, strong population growth, and low housing inventory.