America’s housing market is shuddering

Price Growth Weakening: Home prices barely moved up this summer, marking the slowest gains in nearly two years. In some regions, values are actually declining.
High Mortgage Rates: The 30-year mortgage rate is still hovering around 6.5–7%, which has priced many buyers out of the market. Owners who locked in ultra-low rates a few years ago are reluctant to sell, freezing up inventory.
Affordability Collapse: The gap between what households can afford and what homes cost keeps widening. Household buying power has dropped, while listing prices remain far higher than median incomes can comfortably support.

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