Mortgage rates just dropped to their lowest level in 11 months. The 30-year fixed is now 6.29%. That saves buyers about $100/month compared to a couple months ago. But here’s the problem the typical mortgage payment is still $2,700/month. That’s more than 2x higher than before the pandemic. Meaning? Small Fed rate cuts and tiny mortgage drops aren’t enough. The real solution = falling home prices and that’s already happening. Florida, Georgia, Texas, Arizona, Colorado even California. Prices are

One of the most cyclical housing markets in America is flashing a massive warning. That market is Las Vegas. When Vegas goes down, the rest of the U.S. housing market often follows. Right now, buyer demand in Vegas is at its lowest level in 13 years. This collapse in demand is starting to slow home values. Why? Because Vegas became far too expensive. Prices surged 50–60% during the pandemic. Then mortgage rates shot up. Now demand has crashed, and the local economy is slowing. Even tourism is do

This Texas city is quietly driving a surge in foreclosures. According to ATTOM Data, it just posted one of the highest foreclosure rates in America. In July, one in every 1,800 homes had a foreclosure filing. Texas overall is leading the nation with 3,600 foreclosure starts last month. And Houston alone accounted for 1,400 of those. The problem is growing fast. Foreclosures in Texas are up 60% year-over-year. Zillow is now flooded with foreclosure listings across Houston. Let’s be clear — we’re