The housing market continues to cool, but not collapse. Rents are easing, builders are catching up, and buyers are taking more time to make decisions. Sellers are adjusting to a market where price—and patience—matter again. Mortgage rates remain steady in the 6% range, affordability is slowly improving, and despite all the noise about the economy, data shows stability underneath it all.
Here’s what the latest reports from Zillow, Redfin, the National Association of Realtors, and Steven Thomas say about current market conditions, along with insights from economist Dr. Chris Thornberg from Nuvision’s recent Economic Forecast Webinar.