Analysis and Data
FHFA says house prices grew 3%.
Number of first-time home buyers continues to drop; buyers getting older
Lone Star LO analysis shows Texas was the toughest state for mortgage closings in 2022
Consumer house-buying power decreases amidst rising rates, uncertain outlook.
Powell emphasizes cautious approach to inflation management, despite robust economic indicators.
Buyers cautious amidst high mortgage rates and limited inventory; Redfin reports year's highest sales yet 15.7% below 2022 numbers.
As the housing market grapples with high rates and scarce supply, Sam Khater, Freddie Mac's chief economist, warns of a potentially prolonged uphill journey.
Homebuyer on a $3,000 monthly budget lost $71k in purchasing power since August 2022, Redfin reports
While short-term stability persists, Atlanta Fed's index shows a downward trend, raising concerns as housing affordability dips below 2006 levels.
New single-family home sales defy housing market trends in July 2023.