“Economic growth and the acceleration in inflation have moderated in the last month, giving the markets comfort and leading to a stabilization in mortgage rates,” said Sam Khater, Freddie Mac’s Chief Economist. “Heading into the fall, home purchase demand is stable, home sales remain firm and above pre-pandemic levels, and inventory of unsold homes is tight but improving modestly. These factors will allow for home price pressures to ease over the remainder of the year.” [emphasis added]
CLICK THE ICON BELOW TO VIEW OR DOWNLOAD THE ONE-PAGE REPORT
When buying or selling a home, it's important to understand the market and gain helpful insights to help you achieve the best results.