The financial news that actually matters
A house in suburban Austin sat on the market for 97 days before the seller finally dropped the price by $40,000. A townhome outside Tampa collected three open-house signs and zero offers over two months. Stories like these have become routine in parts of the country where the housing market has flipped from frenzied to…
Cape Coral, Florida, once one of the most sought-after housing markets in the country, now holds a distinction no homeowner wants: the steepest price decline of any major U.S. metro. Median sale prices in the Cape Coral-Fort Myers area fell about 9% year over year in early 2026, according to quarterly data from ATTOM, a…
When Maria Delgado bought a three-bedroom house in Cape Coral, Florida, in early 2022, her agent told her she was lucky to get it. Multiple offers had pushed the price $40,000 above asking. Three years later, comparable homes on her street are listed for less than she paid, and some have sat on the market…
In 2009, roughly one in every 45 American households received a foreclosure notice. In 2024, that figure was closer to one in 370. The gap between those two numbers is the single most important thing to understand about today’s foreclosure headlines. Foreclosure filings across the United States have climbed about 26% from the historic lows…
A couple hunting for a three-bedroom in the Dallas suburbs this spring will scroll through roughly 30% more active listings than they would have found a year ago, according to metro-level tracking from Realtor.com. Phoenix looks similar. Nationally, the number of homes sitting on the market has climbed about 20% from the trough recorded in…
The last time Americans saved this little of their paychecks, the economy was sliding into the worst recession in a generation. In March 2026, the personal saving rate dropped to 3.6%, according to the Bureau of Economic Analysis, the lowest reading since December 2007. But unlike a typical consumer boom, the culprit was not a…
A home listed for sale in the United States now takes a median of 64 days to go under contract, the longest stretch since the early months of the pandemic, according to Redfin’s latest housing market update. That alone would signal a slower market. But the more striking number is the one underneath it: roughly…
Lenders filed foreclosure notices on 118,727 U.S. properties during the first quarter of 2026, according to ATTOM’s Q1 2026 Foreclosure Market Report. That is a 26% jump from the same period last year and a 6% increase over the final quarter of 2025, marking the highest quarterly total since pandemic-era protections started expiring. The numbers…
Of the 129 largest metropolitan areas tracked by the Federal Housing Finance Agency’s House Price Index, 39 lost value in the first quarter of 2025. Cape Coral-Fort Myers, Florida, posted the steepest decline among major metros, with the FHFA repeat-sales index showing a year-over-year drop of approximately 9%. Detroit posted the largest gain, with the…
For much of the past two years, the spring homebuying season has been a season in name only. Mortgage rates above 6%, stubbornly high prices, and a shortage of listings kept would-be buyers on the sidelines while sellers refused to give up their locked-in low rates. That dynamic is finally starting to crack. For the…