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Housing Market Slows Amid High Rates | San Antonio News
Housing market slows as soaring mortgage rates and record prices chill buyer enthusiasm, yet July sales edged up year-over-year—thanks to a stubbornly tight inventory and a median home price that climbed 2% to $434,100. With the 30-year fixed rate hitting 6.69% for the fifth straight week, first-time buyers are fading from the scene, now making up just 29% of sales, while only a 4.6-month supply of homes remains—far below the healthy 5-6 month benchmark. Economists warn a return to near-6% rates could dramatically revive demand. Listen in comfort:Get a discount on a Soli Pillow…
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