Home prices reached unsustainable highs in the nation's most popular metros throughout the pandemic, but a major market correction is leading to substantial declines in cities like San Francisco

Prospective buyers are more actively searching for homes in Q3 2022, but as rising interest rates limit affordable options, many are having a hard time finding what they want

The mid-pandemic housing boom created affordable pathways to homeownership for minority buyers, narrowing a historically rooted racial gap that has pushed Black, Latino, and Asian households into the rental market for decades

The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear

The housing market is rebalancing after a competitive period of low interest rates, huge buyer demand, and competitive home prices

But the National Association of Home Builders attributes these affordability shifts to changes in the composition of prospective buyers rather than increase in overall affordability

While home builders benefited greatly from the COVID economy, they are now starting to see a shift as the market slows and are preparing for the worst

According to Zillow, the average number of days homes are staying on the market continues to climb, a 45% increase from last year

Homebuyer activity is slowing nationwide amid surging mortgage rates and home prices, and as a result, pending home sales are seeing their sharpest decline since 2015