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9 charts show the massive slowdown hitting the housing market as the Fed drives borrowing costs up

Dominick Reuter,Madison HoffJun 17, 2022, 03:14 IST

Potential homebuyers and a real estate agent.Getty Images.

The Federal Reserve just announced a massive increase to borrowing costs in hopes of curbing inflation.
A combination of sky-high prices and rising mortgage rates is pushing many homebuyers out of the market.

Interest rates are going up

Purchasing power is going down

Housing affordability is plummeting

List prices for homes are leveling off

More home listings are seeing markdowns

Real estate sales are taking (slightly) longer

Months supply of homes for sale is ticking up, but still 'unbalanced'

Number of home listings is still way too low

New home construction is behind

Chinese startup Nio revealed a new electric SUV with a Tesla-crushing 528-mile range — see inside the ES7