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Borrowing costs climbed yesterday after Federal Reserve Chairman Kevin Warsh warned that inflation remains too high, signaling interest rates could stay elevated longer than markets hoped.
Federal Reserve Chairman Kevin Warsh signaled inflation remains too high in his Jackson Hole speech yesterday, sending bond markets into a tailspin and raising the odds of a September rate hike above 50%.
Luxury home prices in Austin fell 1.4% year-over-year in July, and Travis County appraisals for single-family homes dropped 1.8%, but Texas homeowners shouldn’t expect automatic property tax relief.
The average 30-year fixed mortgage rate rose slightly to 6.66% this week, according to Freddie Mac’s latest survey, as steady consumer spending and rising incomes signal a resilient economy and a more balanced housing market.
The national mortgage delinquency rate dropped 16 basis points in July to 3.39%, with serious delinquencies declining for the fifth consecutive month, according to ICE’s latest First Look report.
Bank repossessions jumped to 4,764 in July 2026, up 23% from a year earlier, with Houston, Dallas, and San Antonio recording the highest REO counts among major metro areas.
ATTOM’s July report shows 39,906 properties with foreclosure filings nationwide, while completed foreclosures hit their highest year-over-year increase since early 2026.
A federal court halted the Trump administration’s attempt to overhaul a decades-old grant program that funds more than 100 nonprofit organizations investigating housing discrimination nationwide.
The Kansas City metro’s median home price reached $349,900 in July 2026, up 3.9% from a year earlier and marking a new all-time high for the region, according to the latest Heartland MLS data.
A court ruling yesterday preserves grant funding for over 100 nonprofit organizations that investigate and fight housing discrimination nationwide.