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The typical U.S. homebuyer’s monthly housing payment was $2,671 during the four weeks ending July 21, the lowest level in four months.
Deals are falling through as buyers grow selective and the reality of high housing costs hits home.
Fannie Mae and Redfin both forecast home price growth slowing in latest reports.
Redfin data shows a homebuying window has opened
However, this is the first July since 2020 that the typical home sold below asking price.
Redfin study reveals starter homes are unaffordable for typical Black households in most of U.S.
