By Samantha Delouya, CNN
(CNN) — For the past few years, the math of buying a home in the United States has been tough: low inventory, high mortgage rates and record-high prices have made homeownership increasingly expensive.
Earlier this year, there was hope that the housing affordability picture might finally be improving. Mortgage rates briefly fell below 6% for the first time in three years, offering prospective buyers some relief. But that was short-lived. Rates have climbed steadily since the US began its war against Iran in February, with the average 30-year mortgage rate hitting the highest level of 2026 last week.
Signs suggest many Americans have stepped back from the housing market. In July, Redfin reported that home-showing activity was growing at a slower pace than it had been just one year earlier. In August, only 5.2% of consumers said they planned to buy a home within the next six months, according to the Conference Board – the lowest reading in five years.
The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
Were you planning to buy a home, but decided to hit pause? News Channel 3-12.
Hence then, the article about were you planning to buy a home but decided to hit pause was published today ( ) and is available on News channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Were you planning to buy a home, but decided to hit pause? )
Also on site :
- Jon Stewart Uses Nathan Fielder’s ‘You Can See Everything’ Trailer to Troll Donald Trump and His ‘Human Printer’ Aide
- Call of corruption: What you should know about Ukraine’s billion-dollar scam industry milked by Zelensky’s government
- Costco’s ‘Beautiful’ 4-Piece Cast Iron Set Nests Three Kitchen Essentials Together in One Space-Saving Design