Home prices slide for fourth straight week as mortgage payments ease
“Buyers are coming to terms with the current state of affordability and housing. They’re just not fighting it anymore,” Gouge said.
High mortgage rates have held US homebuying demand well below its recent peak, with sticky inflation and elevated bond yields keeping the 30-year fixed above 7% despite a string of Federal Reserve rate cuts.
Christopher Waller of the Federal Reserve Board says a December rate hike remains likely, with persistent inflation pressures raising the possibility of a larger move as policymakers seek to maintain credibility and bring inflation closer to target. https://t.co/mUxEvcoqEN
— Mortgage Professional America Magazine (@MPAMagazineUS) November 11, 2026
A buyer’s market, with caveats
Supply conditions offer buyers the strongest negotiating position in years. Active listings stood at 1,501,320, up 3.3% year over year, with months of supply rising to 4.7 from 4.0 a year earlier, according to Redfin.
Condo buyers are best-positioned: sellers outnumber buyers more than 2 to 1. The share of listings with price reductions edged up to 21%, from 20.5%.
Regional divergence is sharp. San Francisco posted the strongest year-over-year price gain at 18%, while Austin, Texas, led to the downside at 9.3%. Seattle logged the steepest drop in pending sales at 31.1% year over year.
