National home price growth slowed to just 0.9% year-over-year in December, marking one of the weakest annual increases since the post-Great Recession recovery as the housing market shows signs of stabilization
Mortgage rates are driving cautious buyer reentry, lifting existing-home sales modestly in November, while limited inventory and affordability pressures continue to constrain origination volume
Cotality’s Q3 2025 Homeowner Equity Report shows U.S. borrower equity fell $373.8 billion year-over-year, negative equity rose to 2.2%, and regional gains and losses highlight growing vulnerability for leveraged homeowners
What’s next? How high will mortgage rates go and what impact will that have on home prices?
