New home sales plummet in August amid resurgence in mortgage rates.
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.
A key mortgage rate reached 7.18% over the past week.
Monthly home prices have hit an all-time high in recent weeks, driving down pending home sales by as much as 28%.
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.
The mid-century modern home is currently listed for $550,000.
High mortgage rates are rapidly cooling housing demand.
The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce.
Even a small shift in mortgage rates could make a big difference to home affordability.
U.S. home prices recently faced their sharpest rise since November.
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.
Redfin CEO Glenn Kelman said the real estate market is at a 'standstill.'
The U.S. housing shortage is worse in several cities that have experienced a booming labor market, strong population growth, and low housing inventory.
A survey estimates office attendance is about 30% lower than pre-pandemic level in "superstar" cities.
The median monthly payment for home purchase loans jumped 14.1% in May to an all-time high $2,165.
Newlyweds are asking for cash to help with buying their first house in lieu of more traditional wedding presents.
A shortage in homes for sale is fueling bidding wars, experts say.
Walt Disney lived in this beautiful home from 1932 to 1950 and it was in this home where he drew inspiration for the movie “Snow White" and classic characters such as Mary Poppins and Winnie the Pooh.
The listing agency for the island says there's plenty of room to install a helipad and a swimming pool.
Sir Rod Stewart's English country estate in the heart of Beverly Hills is up for sale to the tune of $70 million.