Dan Keller - Real Estate

Dan Keller - Real Estate Keller Williams Realty
Realtor
Licensed in Pennsylvania

08/23/2026

US homebuyers are quitting.

There were an estimated +51.3% more home sellers than buyers in July, the 2nd highest level on record.

This percentage has doubled over the last 2 years.

By comparison, an all-time high of +51.8% was recorded in December 2025.

This comes as the number of active homebuyers fell -2.5% MoM, to 966,752, the lowest on record.

At the same time, the number of sellers declined -0.3% MoM to ~1,462,921, the lowest reading in a year, but the decline was far smaller than the drop in buyers.

As a result, ~80% of major US metros are now buyer's markets, led by Miami, where sellers outnumber buyers by +154%.

Further downward pressure on home prices is likely coming.

08/22/2026

Pending Home Sales fall to 2nd lowest level in history 🚨 🚨

08/11/2026

US housing affordability is deteriorating:

The average 30Y fixed mortgage rate rose +3 basis points last week, to 6.69%, the highest since July 2025.

This marks the 5th consecutive weekly increase, with rates up +71 basis points since the Iran War began in late-February.

This comes as the 10Y Treasury yield, which mortgage lenders use to price 30Y loans, has surged +70 basis points over the same period, driven by inflation concerns.

On a $500,000 mortgage, this increase translates to more than +$200 in additional monthly principal and interest payments compared to late February, when rates briefly fell below 6% for the first time since 2022.

The 30Y fixed mortgage rate could rise to 7% for the first time since January 2025 before year-end if current inflationary pressures persist.

The US housing affordability crisis is worsening.

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Harrisburg, PA

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