Purchasing power

Here's a look at the 12 cities with the biggest gap between the current wages needed to buy a home and the historical average, a sign a housing bubble might be brewing.

As more sellers lower their asking prices and competition eases, the share of homes sold above their listing keeps declining, according to Redfin.

Rising home prices and the depleted housing inventory led to another drop in pending home sales, according to the National Association of Realtors.

As mortgage rates jump and housing inventory rises, over a quarter of all home listings dropped their price in the past month, according to Redfin.

New York City’s home sellers, tired of waiting for buyers, slashed prices on almost 800 listings in a single week this month, the most in at least 12 years.

There is a sharp increase in the number of Denver-area residents searching for homes in other metros compared to the number of people in other cities looking for properties in the area, according to Redfin.

Mortgage rates increased 5 basis points this week, up for the fourth week in a row with momentum building for further hikes, according to Freddie Mac.

Staggering home prices and steep tax rates are pushing people from expensive cities along the coasts to more affordable locales.

Southern California’s red-hot housing market continued to cool in July as rising home prices and higher interest rates discouraged homebuyers, new housing figures show.

Home buyers in the Twin Cities and beyond will have to wait until at least 2020 for key indicators in the housing market tilting toward buyers, according to a new survey.