On a yearly and monthly basis, home prices increased at a steady pace with only two of the top-30 metropolitan areas reporting declines. Click through to find out what else Septembers’ Home Price Index reveals.

Asian (27%), Hispanic (24%), Black (20%), and white (15%) prospective homebuyers surveyed say they have not yet bought a home mainly because they are waiting for prices to decline. Click through to find out more from the National Association of Realtors.

"Because of homebuilders' ability to create more inventory, new-home sales could be higher this year despite increasing mortgage rates. This underscores the importance of increased inventory in helping to get the overall housing market moving," said Lawrence Yun, NAR’s Chief Economist.

“I’m telling buyers that this is the first time in years they can get a deal on a house, even with high mortgage rates,” said Austin-area Redfin Premier Agent Carmen Gioia.

The combination of the affordability crisis and 8% mortgage rates are a problem not just for the middle class, but high-income earners as well. Read a new analysis of where homebuyer money stretches the furthest by clicking through.

Even though zero-down-payment programs exist, the more a person can put down on a home, the more likely they are to get approved for a mortgage and/or be offered a lower interest rate. But as with many things, it comes down to location, location, location...

"With a record number of new units coming onto the market driving rent prices down, those who may have given up hope of homeownership may be able to leverage more affordable rental options—including downsizing to a smaller unit or considering a roommate for the near term—to help build savings for a future home," said Jiayi Xu, Economist at Realtor.com.

Busy cities are abuzz with new apartment buildings, which are now going up at the fastest rate recorded in decades. This new report spotlights the regions where multifamily construction is surging to keep up with demand.

Busy cities are abuzz with new apartment buildings, which are now going up at the fastest rate recorded in decades. This new report spotlights the regions where multifamily construction is surging to keep up with demand.

Why did NAR Chief Economist Lawrence Yun state that "the Federal Reserve simply cannot keep raising interest rates”? Check out the latest housing market data breakdown from the Existing-Home Sales Report.