Housing market struggles continue this summer as inventories and home prices slide, mortgage rates rise, new survey shows. Multiple aspects of the housing market are closing in to create a squeeze. Recent data from Realtor.com’s latest Monthly Housing Trends Report shows a number of factors in combination are causing the pressure. Median housing prices are on a subtle downward trend.Houses are sitting on the market for longer.Housing inventory dropped while average mortgage rates climbed to almo
On July 31, the Board of Governors of the Federal Reserve System (Federal Reserve) issued its July Senior Loan Officer Opinion Survey on Bank Lending Practices, which addressed changes.