By the Numbers

Lower rates may not be enough to motivate buyers amid inflation concerns and stalling inventory growth, but economists say a fall upswing is still possible.

Higher inventory has helped slow price growth, but sellers who can wait for more favorable conditions are starting to walk away, keeping prices elevated.

While short-term interest rate cuts are still on the table, “a Fed cut doesn’t guarantee relief,” especially when looking at recent rate trends.

The weak jobs report released last week pushed 30-year rates closer to the 6.5% range, but economists warn the risk of inflation could drive them back up.

Growing concerns about the weakening labor market and inflation could impact the Federal Reserve’s next decision on interest rates.

The national median sale price for single-family homes dipped to $410,800 in the second quarter, while the median price of existing homes rose to $429,400.

July’s employment report suggests the labor market has been weakening for some time, which could prompt the Fed to cut rates in September — if inflation eases.

The latest economic and housing data suggests that home sales will continue to plod along at a slow pace as buyers and sellers wait for more certainty.

Despite increasing calls for cuts, Fed Chair Jerome Powell held steady on rates as inflation remains elevated, and he has made “no decisions about September.”

Buyers have more leverage now than in recent years, but economic concerns are making them cautious in their home purchase decisions, two new reports suggest.

A slew of economic data is due out in the coming days. Meanwhile, the Fed will make a decision about interest rates, and the trade deal deadline ends Aug. 1.

While U.S. buyers saw home prices rise year-over-year, those using other currencies are getting discounts, which could spur foreign purchases.

Inventory is up and existing home sales have dropped, both variables that could be good news for buyers — but mortgage rates remain stubbornly elevated.

California’s January wildfires ravaged Altadena and the Pacific Palisades, but optimism is helping the communities maintain their spirit.

With $19 trillion in assets, those 65+ control more real estate equity than any other cohort, and it’s unclear if it will trickle down to younger generations.

Redfin data indicates buyers are gaining negotiating power as pending sales cancellations hit the highest level for the month of June since at least 2017.

Fed Gov. Christopher Waller wants the central bank to cut short-term interest rates at its July meeting — and isn’t counting out a second cut later this year.

Housing permits, starts and completions were all down year-over-year in June as rates and material costs remain elevated, continuing a “worrying pattern.”

While some sellers seem to be reacting to the shift toward a buyers market, stubbornly high mortgage rates aren’t making the transition easy for buyers.

Lawrence Yun said this week that home sales could still tick up slightly this year, and if mortgage rates hit 6%, next year could see double-digit growth.