New home sales fell 13.7% in May, showing that the housing market is in a freeze. Redfin said this month that unsold inventory is at a record high.

U.S. existing home sales dropped to a nine-month low in June as higher mortgage rates and economic uncertainty keep potential buyers on the sidelines, pointing to a deepening housing market slump.

But Goldman Sachs has warned prospective home sellers that the housing market downturn is expected to worsen in 2023. And for interested home buyers, this doesn’t necessarily mean lower home prices.

The US housing market could be on the verge of a “meltdown,” an economist warned following this week’s release of data showing a collapse in home builder confidence in July.

us housing market sees $2.3t drop in value, biggest since 2008 Residential homes in Teaneck, N.J., Nov. 24, 2022. (Yuvraj Khanna/Bloomberg via Getty Images / Getty Images) ...

The US housing market isn't going to see a 2008-sized crash, according to a Reuters poll of analysts. Analysts expect home prices to decline by a modest 4.5% this year, and to fall 10% from their ...

America’s housing market is finishing a year of high prices, sluggish sales and elevated mortgage rates. But there are factors that could give it a boost next year.

In all, Goldman projects sharp declines this year in new home sales (22% decline), existing home sales (17% drop) and housing GDP (8.9% drop). It projects further declines in 2023, including ...

US home prices saw a 1.3% nationwide monthly increase and a 0.4% adjusted increase in March. That's a sign that home price declines could be over, S&P said in a statement.

Total housing inventory at the end of April was up 9% from March and nearly 21% from a year ago at 1.45 million units, according to the National Association of Realtors’ existing home sales report.

Over six months into the year, however, this forecasted scenario has failed to come to life. Instead, the U.S. housing market is in a bit of a slump, as growing inventory is piling up in the ...