Welcome to the Monthly Market Report for July 2021. We want to give you the insights that you need to help confidently make the best decisions when buying and selling a home.
There’s more housing inventory coming into the market this month which is good news for potential buyers.
“It looks like existing inventory is starting to inch up, which is good news for a housing market parched for more supply.”
Odeta Kushi, Deputy Chief Economist at First American
Here are the 3 most important takeaways you need to know right now:
- Buyer Fatigue – More homebuyers are experiencing fatigue due to today’s competitive market.
2. Mortgage Rates – Experts forecast mortgage rates to rise modestly this year and next.
3. Affordability – While affordability has declined since last year, it’s still stronger than the historical norm.
Read all the details and download your complimentary Housing Market Update for July2021 now. 👇
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