Chen Zhao

Home sales fell sharply in March and weekly mortgage applications plunged as high interest rates and economic uncertainty stifled demand as the spring home-buying season got underway.  The Details: Sales of previously owned homes in March fell 5.9% from February to 4.02 million units on a...

A new report from Redfin Corp. (NASDAQ:RDFN) released Monday showed that rents remained relatively stable last month. However, economists warned that President Donald Trump's tariffs could put upward pressure on the rental market.  The Details: According to the Redfin report, the median U.S. asking...

Mortgage rates continued to trickle down this month, falling to 6.77%. The housing market continues its long-term movement to equilibrium, albeit slowly, as housing remains unaffordable for many Americans. The Data: According to a Freddie Mac report, the average 30-year fixed mortgage rate fell to...

The alarm is sounding for American homeowners trying to sell their home, as rising mortgage rates frighten away purchasers. And, the U.S. housing market recession is only going to get worse, according to analysts. According to recent data, existing home sales fell 28.4% in October, marking the...