Titan Zillow real estate is going through tough times in housing

After booming in the residential real estate market in the first 18 months of the Covid pandemic, it is now down. Home prices and mortgage rates soared, resulting in lower demand and lower sales.

On the price front, the median existing home sale price was $416,000 in June, up 13.4 percent from a year earlier. According to the National Association of Realtors. The June number recorded 124 consecutive months of increases over the previous year, the longest streak on record.

For mortgage rates, the average 30-year fixed-rate mortgage rate was 4.99% for the week ending August 4. According to Freddy Mac.