US housing market

Coldwell Banker's chief executive says the US housing market is 'definitely in a soft period right now', pointing to elevated mortgage rates and persistent inflation cooling buyer demand. The comments add to a string of cautious assessments from industry leaders as high borrowing costs keep many would-be buyers on the sidelines and slow home sales across the country.

A housing market expert, speaking on Fox Business, warned that 'terrible news' is coming for the US housing market. The warning is drawing wide attention, with viewers weighing in on what it could mean for home prices, mortgage rates and buyers already struggling with affordability.