According to a report published by Freddie Mac at the end of this week, the average benchmark 30-year mortgage rate fell from 6.48% to 6.53% from its highest level in nine months.

Although the decrease in the rate is a good sign and relief for potential buyers, the real estate market still does not have the stability of a few years ago.

Recently, the Commerce Department's Census Bureau reported that construction of single-family homes in the United States fell 2.4% year-over-year, after permits for future construction of single-family homes also decreased 2.6% in April.

A lack of inventory on the market has been a major reason why home prices have skyrocketed to historic levels, and according to the Federal Housing Finance Agency (FHFA), single-family home costs have increased 1.7% year-over-year over the past 12 months.

So, currently, for many Americans, having their own home has become quite an odyssey; Although salaries increased, data from Redfin highlights that a family would need at least $116,780 to buy an average home in the United States.

In this regard, Nancy Vanden Houten, chief economist for the United States at Oxford Economics, commented that "buying a home in the United States remains unaffordable. We predict that this situation will continue for the next decade," she said.

Another factor that has been disturbing the market currently is the high inflation and the great uncertainty in the markets regarding the development of the conflict in the Middle East, affecting the evolution of the yield on 10-year Treasury bonds, which are above 4% in response to geopolitical and economic changes.