Realtor.com says price cuts hit a September record for this cycle as inventory rose and pending sales weakened across the country.
Borrowing costs are rising again just as home prices stay elevated, leaving many households with tighter monthly budgets and fewer affordable options.
After helping Nancy Rodriguez pack and move, Darci Harman was surprised with a Cash for Kindness award as she and her husband prepare for their own relocation.
A new five-year outlook suggests mortgage costs may ease gradually, but not return to the ultra-low levels seen during the pandemic era.
Rising vehicle prices, longer repayment terms and frequent trade-ins are making it harder for many borrowers to escape underwater loans.
Borrowing costs kept rising as refinance applications sank sharply and homebuyers faced higher rates alongside firmer home prices.