A jump in long-term borrowing costs is filtering into home loans, car financing and bond portfolios as investors react to inflation, government borrowing and growth worries.
Higher borrowing costs still sting, but more homes on the market and slower fall sales could give buyers room to negotiate.
Supporters say the amendment would help families keep homes affordable, while opponents warn lower taxes could push prices higher for buyers.
A Reddit comparison of a 1,800-square-foot Pennsylvania home bought in 1994 shows how far the market has moved for first-time buyers.
Borrowing costs are changing how Americans manage their homes, from delayed kitchen upgrades to more spending on basic maintenance.
Freddie Mac said the average 30-year fixed mortgage rose to 7.03%, adding to borrowing costs and deepening the strain on would-be buyers.
Executives say borrowing costs and affordability pressure are slowing demand, while builders lean on faster cycle times and incentives.
Higher borrowing costs are making home purchases pricier, but a local loan officer says the shift may also help buyers negotiate.
Mortgage costs have climbed to their highest point in nearly three years, even as thousands of homes are being built or planned in northwest Surprise.
State officials say the decrease will affect renters across more than 30 counties, with the largest concentrations in Orange and Broward counties.