🏠 Is the U.S. Housing Market Quietly Shifting in Favor of Buyers? 🇺🇸

Despite stubborn mortgage rates, recent data suggests the market may be tilting slightly toward buyers — but not without hesitation.

📉 Key signals:
• Inventory is growing — new home supply now at 9.8 months, the highest since late 2022.
• Existing home sales dropped 2.7% MoM in June.
• Median price hit $435,300 — an all-time high.

• Average monthly mortgage payments eased to ~$2,679 — a 5-month low.
🛑 Still, many buyers are staying cautious. High borrowing costs, economic uncertainty, and inflation concerns are making some wait — even with more room to negotiate.

📊 Forecasts suggest mortgage rates may dip to ~6.4% by year-end — if inflation continues to cool.

Originally posted on LinkedIn