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Record Prices, Fewer Sales | San Antonio News
Home prices hit record highs—$446,000 median, up 50% in six years—but sellers are staying put thanks to the “lock-in effect,” where homeowners cling to ultra-low mortgage rates from years ago. Buyers, meanwhile, are sidelined by inflation and higher borrowing costs, creating a stalemate. While price growth has slowed to 1.8% year-over-year, the gap between wages and home costs remains wide. The National Association of Realtors has dialed back its sales forecast, reflecting a market still sensitive to affordability and rates—slow, uneven progress with monthly swings to come. Listen in…
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