Core inflation came in hotter than expected at 0.3% for the month, driven by persistent services and shelter costs, raising the odds of a Fed rate hike next week and pushing mortgage rates above 6.9%.
Sales dropped to 3.98 million in August, the slowest pace since June 2025, while housing supply climbed to 4.9 months—the highest level in more than a decade—giving buyers new leverage to negotiate.
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 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.
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.
Sales of newly built homes dropped to their slowest pace since January, hitting 607,000 units in July as mortgage rates hovering near 7% kept buyers on the sidelines despite builders slashing prices to five-year lows.
San Francisco’s median home price hit $1.7 million in mid-2026, driven by AI industry wealth, while Oakland’s home values dropped 4.6% year-over-year to $722,000, creating the widest price gap between the two cities in decades.
While U.S. existing-home sales fell 1.7% in July to their lowest pace since June, Little Rock’s housing market is showing resilience with steady transaction volume and prices near the state median.