Purchasing power

Southern California home sales fell sharply in November, deepening a retreat from a sustained housing boom that placed home ownership out of reach for many.

Contract signings to purchase previously owned homes unexpectedly fell for a second month in November, offering yet another sign that the housing market is struggling.

The Federal Housing Administration mortgage loan limit will increase by approximately 7% for next year, mirroring the rise for conforming loans.

Here's a look at 12 cities with slower home price appreciation and more favorable mortgage rate and wage conditions, offering purchasing power advantages to consumers.

The sustained rise in home values will boost Fannie Mae and Freddie Mac's loan limits for 2019, marking the second consecutive year in which it increased by nearly 7%.

Rising interest rates are holding back existing homeowners from listing their properties, driving the gap between existing and potential sales even as that disparity narrows, First American Financial said.

The number of homes sitting unsold in King County has doubled in the past year as buyers continue to retreat from the once-hot market — pushing prices in the city of Seattle down even further.

The housing market slows down for winter, but it doesn't stop. Here's a look at 12 cities where price cuts, rent appreciation and affordability conditions will give house hunters more negotiating power going into the new year.

A typical homebuyer has already lost over 6% of purchasing power because of rising interest rates since the start of the year, a study by Redfin found.

With the home selling season winding down and autumn in full swing, here's a look at the cities where both home purchase prices and monthly rents are starting to ease.