Twenty percent of active listings carried a price reduction in July 2026, while pending sales rose for the eighth consecutive month, according to Realtor.com’s latest housing report.
Borrowers who purchased homes in 2023 are falling behind on payments at alarming rates, trapped by high mortgage rates, minimal equity, and rising ownership costs that leave them with few escape routes.
The S&P Case-Shiller Index shows U.S. home prices up just 1.1% year-over-year in May, but with inflation at 4.2%, homeowners lost purchasing power for the 12th consecutive month.
New home sales across Texas slipped in June 2026 as builders grapple with the highest inventory levels in years, continuing a spring slowdown driven by affordability pressures and elevated mortgage rates.