Our monthly real estate market report includes information about housing prices, inventory, mortgage rates, home sales and market predictions. We summarize news headlines and share important market updates.
Here are some quotes from this month’s report:
- Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short-term.
- Declines in the West are due to the tech industry slowdown and a severe lack of affordability after decades of undersupply.
- All in, home prices nationally are now down 2.6% from their 2022 peak.
- Freddie Mac reported that its “National” Home Price Index . . . is down 2.5% from its June 2022 peak.
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