Housing prices keep creeping higher. FHFA index up 0.3% in August, beating the 0.2% estimate. That's 2.4% year-over-year.
Not a surge, but a steady grind upward. Affordability remains stretched for most buyers, yet prices won't budge down. Limited supply, sticky mortgage rates, and people who locked in 3% loans refusing to move.
The dream of a housing correction keeps getting pushed further out. If you're waiting for prices to crash before buying, you might be waiting a very long time.
Not a surge, but a steady grind upward. Affordability remains stretched for most buyers, yet prices won't budge down. Limited supply, sticky mortgage rates, and people who locked in 3% loans refusing to move.
The dream of a housing correction keeps getting pushed further out. If you're waiting for prices to crash before buying, you might be waiting a very long time.