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Will House Prices Go Down? Housing Market Stung by New Prediction

At the beginning of the year, Freddie Mac had forecasted that home prices would have increased by 2.8 percent in 2024 and by 2.0 percent in 2025 at the national level. But in its latest monthly outlook, published on Thursday, the government-sponsored corporation has dramatically changed its prediction.

The Wall Street Journal on MSN · 1d

Housing Market Slumps as Mortgage Rates Top 7%

Existing home sales in March posted their biggest monthly drop in more than a year, buffeted by mortgage rates that rose again.

U.S. News & World Report · 1d

Average Long-Term US Mortgage Rate Climbs Above 7% to Highest Level Since Late November

Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months

Brandon Johnson, City Council and Chicago

CBS News on MSN · 4h

Mayor Brandon Johnson's $1.25 billion borrowing plan for affordable housing approved

CHICAGO (CBS) -- The Chicago City Council on Friday approved Mayor Brandon Johnson's plan to borrow $1.25 billion over the next five years to fund affordable housing projects and other economic development efforts across the city.

Chicago Tribune on MSN · 3h

Johnson’s ambitious $1.25B bond plan, $70M migrant proposal pass City Council

Mayor Brandon Johnson scored two major victories Friday as the Chicago City Council passed his $1.25 billion bond plan and a $70 million migrant package. The two big outlays faced tough pushback and an array of holdups as they worked through City Hall.

Chicago Sun-Times · 3h

Mayor Brandon Johnson's $1.25B borrowing plan sails through City Council

With interest, the plan could cost the city $2.4 billion over 37 years, officials have said. Johnson’s team says that money will be more than recouped by property tax revenue flowing back to the city’s coffers from expiring TIF districts.

11hon MSN

Housing Market Gets Bad News

NAR's report Thursday shows that sales fell across the Midwest (-1.9 percent), South (-5.9 percent) and the West (-8.2 ...

8hon MSN

The U.S. housing market’s biggest headaches, in five charts

Here are the five big challenges the housing market is facing, in charts. Mortgage rates surged this week on the back of ...

MLive4h

New site chosen to put housing pods for Kalamazoo’s homeless individuals

The project, brought forth by Housing Resources Inc., will house 66 homeless individuals and have service providers staffed ...

14hon MSN

California bill aims to ban no-pet policies, animal fees at rental housing properties

A proposed California bill aims to ease the struggle of pet owners in finding rental housing by prohibiting no-pet policies ...

City could use fund toward affordable housing

The Charlotte City Council will vote Monday on whether to empty its housing trust fund to build a little more than 200 ...

15h

Seattle gave low-income residents $500 monthly payments with no strings attached. Some got new housing and employment rates nearly doubled.

A guaranteed basic income program pilot in Seattle gave 102 low-income residents $500 monthly. Employment among the ...

4hon MSN

New York closing in on $237B state budget with plans on housing, migrants, bootleg pot shops

New York state lawmakers are on the verge of passing a $237 billion budget that includes sweeping plans to build housing, ...

10h

Housing is many UK voters’ priority but rental system remains unfixed

Rents are soaring, housebuilding is lagging and long-promised eviction reform has still not been enacted ...

Seattle proposal to add affordable housing, support nonprofits struggles

A plan to allow developers to build denser housing when they partner with community groups and set aside affordable units ...

New York budget deal boosts funding for housing discrimination testing

The state budget adds $2 million for testing statewide to determine whether real estate agents discriminate by keeping ...

New York housing inventory continues to set records, falls yet again in March

NYS Housing Snapshot March 2024 NYS Housing Snapshot ALBANY, N.Y., April 18, 2024 (GLOBE NEWSWIRE) -- Once again, housing ...

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