High property prices and expensive home loans are making fixer-uppers less affordable and less desirable among today's budget-conscious buyers

U.S. home prices posted a gradual year-over-year decline in June, but affordability challenges persist amid rising mortgage rates and low for-sale inventory

As regional home prices rise, auxiliary costs such as insurance, taxes, and maintenance are also going up

The majority of the nation's top 10 cities for home sellers are located in the Northeast, where low housing inventory and strong buyer demand are causing homes to sell quickly and above list price

Cooling inflation could force the Federal Reserve to pause its rate hikes in the months ahead, leading to improved affordability that will likely spur increased competition in the housing market

While for-sale inventory is rising slowly but steadily nationwide, many markets remain undersupplied and overpriced on a year-over-year basis

Elevated borrowing costs are currently affecting both homebuyers and sellers, with buyers hesitant to spend and sellers unwilling to list and sacrifice the lower rates they've locked in on their current homes

The More Homes on the Market Act seeks to amend the sales gain tax exclusion to bring more homes into the for-sale market

The housing market is going through a deep freeze as elevated interest rates keep sellers on the sidelines and send available housing inventory to new lows