The U.S. housing market is slowing down from its previously frantic pace, characterized by escalating rates that have led to homes staying longer on the market, according to real estate expert Steven Thomas. As the average market time has stretched due to mortgage rates rising above 7%, home affordability is being squeezed simultaneously. On top of that, increased everyday expenses, reflected in heightened prices for gas and groceries, are forcing many people to reconsider their spending habits, including purchasing homes at these escalated rates.

The lack of financial literacy training can set kids on a dangerous path, creating a cycle of debt and poor money management that is hard to break. Without proper financial education, people are more likely to make less-than-optimal money decisions that will significantly affect their economic stability and well-being in the future.

In a world where economic uncertainty has become the norm, your financial stability and future depend on staying informed. Whether you're struggling with skyrocketing inflation, a volatile housing market, or fears of an impending recession, knowledge is power. To help you find the answers and insights you need, we're thrilled to invite you to our exclusive LIVE Economic Forecast series with economic expert Dr. Christopher Thornberg.

Jason Dolph's dedication to service goes beyond what words in a blog article can describe. He exemplifies the spirit of selflessness, proving that by giving back to the community, we not only improve the lives of others but also find fulfillment and purpose in our own lives. His remarkable journey reminds us that each small act of kindness has the power to create a ripple effect, touching the lives of many and leaving an indelible mark on our community.

Summer 2023 was a season of paradoxes in the housing market. A period marked by low inventory, homeowners' reluctance to sell, suppressed demand, and a low number of closed sales. Despite rising home values and brisk sales, the landscape reflects scarcity and a lack of activity.

At Nuvision Credit Union, we believe in the power of credit unions to help people build their lives, and we want the world to see what it truly means to be part of a credit union. Today, we're inviting all our members to join us on social media and share their Nuvision stories with the hashtag #ilovemycreditunion.

We just had an amazing Nuvision Member Celebration, and we couldn't wait to share the highlights with you! It was a fantastic evening where we celebrated not only our awesome members but also the incredible community partners that help with our mission to build the lives of those in the communities we serve.

In June, U.S. home prices experienced another surge, approaching near-record levels. While some see these highs as a positive sign of a recovering real estate market, many prominent real estate experts caution that the worsening inventory shortage could deter many prospective homebuyers from entering the market. A recent report from Redfin, a real estate brokerage firm, reveals that median home prices rose by 1.9% in June compared to the previous month, reaching an average of $426,056.