The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country
Redfin counted 58% more sellers than buyers in August, but national home prices still increased as equity-rich owners resisted steep discounts
Realtor.com projects more inventory, less competition, and lower listing prices next week, giving originators a short window to revisit sidelined borrowers
Existing-home supply reached its highest level since 2019, but elevated payments and economic uncertainty pushed sales to a 14-month low
Pending listings turned negative in August despite more inventory, lower asking prices, and sellers remaining open to negotiation
Price declines are spreading, yet mortgage rates and uneven local conditions continue to limit what buyers can afford
Pending sales fell to a six-month low as inventory increased, giving originators more room to use seller concessions to make difficult purchase deals work
Prices fell 2.9% in Austin but rose 6.4% in Chicago, showing weak purchase demand is producing local corrections rather than a national one
One in five listings had a price reduction in July, while pending sales increased for the eighth consecutive month
Price cuts and longer listing times are creating opportunities for loan officers to help borrowers negotiate seller concessions, but leverage varies sharply by metro