U.S. Housing Affordability Remains Under Pressure as Mortgage Costs Challenge Homebuyers
High borrowing costs and elevated home prices continue to complicate housing decisions, while property supply and buyer demand shape local market conditions.
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U.S. Home Sales Fall as Higher Mortgage Rates Keep Buyers on the Sidelines
The U.S. housing market experienced another slowdown as existing-home sales fell to an annualized rate of 3.98 million, marking the third consecutive monthly decline and underscoring the continued effect of elevated mortgage costs.
Rising Mortgage Rates Keep Pressure on Renters as Housing Affordability Challenges Persist
Renters across the United States continue to face a changing housing landscape as mortgage rates moved higher at the start of the week, reinforcing affordability challenges that have slowed homebuying activity and influenced demand for rental housing. As of July 13, the national average rate for a 30-year fixed mortgage rose to 6.58%, extending a