Graham Stephan states that a 25 basis point increase in mortgage rates would price an additional 1.4 million potential buyers out of the market immediately.

Graham Stephan states that home sellers are now outnumbering home buyers by more than 600,000.

Graham Stephan reports that there are 83% more condos listed than there are buyers.

Graham Stephan reports that 47 out of the top 50 cities are getting weaker in the housing market.

Graham Stephan states that at a 6.25% mortgage rate, buying the median-priced home of $398,000 with 20% down results in a monthly payment of $1,954 before property taxes, insurance, and maintenance.

Graham Stephan notes that searches for 'can't sell a house' and 'help with mortgage' just hit an all-time record high.