By the Numbers

Many sellers believe they’ll be able to sell their home at or above asking price even as market conditions are shifting, a recent survey found.

Despite continued regional differences, housing affordability was sunnier in 43 of the top 50 markets in April, according to First American’s June report.

Mortgage rates continued to decline in another positive sign for the market. But new listings lost steam in June amid ongoing economic uncertainty.

Activity was down 13.7% from April, pushing new home inventory to nearly 10 months of supply as builders face increasing competition from the resale market.

ATTOM’s midyear review suggested rising inventory could cause home prices to flatten or fall later this year — and that would be good news for sales.

Fed Chair Jerome Powell wouldn’t commit to a July rate cut and reiterated that inflation and labor market shifts will guide the central bank’s decisions.

A rise in retirement-related home sales is creating more inventory and starting to put pressure on high prices in the D.C. area, a Bright MLS survey suggests.

Though there was an uptick in existing home sales as spring progressed, last month was still the slowest for the month of May since 2009.

Remote work, high home prices and the rising cost of living are among the factors driving renters from cities as they search for affordable housing options.

The Federal Reserve’s current strategy is “the best thing we can do for the housing market,” Fed Chair Jerome Powell told reporters on June 18.

Housing starts and permits fell in May in response to economic and market factors, while buyers continue to hold out despite easing mortgage rates.

The NAHB’s June confidence index was the third-lowest in the past 13 years as new home prices weaken and buyers remain on hold.

A new Redfin report suggests homebuyers may be seeking less expensive homes as ongoing economic concerns add pressure to large purchase decisions.

Home equity shifts varied widely by location, with some states experiencing gains over $30,000 while others had losses around or greater than that amount.

Though buyers continue to face high mortgage rates and general economic uncertainty, there are signs indicating the market is becoming more favorable for them.

Last year saw a record-high share of investor home sales. Meanwhile, smaller investors made new gains, and the Midwest emerged as a focal point for buyers.

Fannie Mae’s monthly survey indicates Americans are feeling better about market conditions, interest rates and job security than they were earlier this spring.

Mortgage rates ticked down slightly this week, but lower rates may not be enough to motivate buyers as affordability continues posing challenges.

Demand is lurking, according to NAR Chief Economist Lawrence Yun, but one persistent roadblock is keeping potential homebuyers waiting in the wings.

Of that total, close to half — $330 billion — is tied up in stale listings as buyers remain hesitant despite rising inventory, according to a Redfin report.