Quote from @Matt Myre: My early thoughts are that expanding downpayment assistance while mortgage rates decline and still failing to build enough supply will only drive housing prices higher.I have to agree.

In the last five years, Albany's population declined by 4.8%, even as the U.S. population expanded by 3.7%.

Second, interest rates have been in a general decline for 40+ years and so lenders could only replace a paid off mortgage with one that yielded them less.

pid=2107Houston Real Estate Highlights in July, 2024:-Single-family home sales rose 1.8 percent year-over-year;-Days on Market (DOM) for single-family homes went from 42 to 44 days;-Total property sales were down 2.1 percent with 8,969 units sold;-Total dollar volume increased 4.4 percent to $3.8 billion;-The single-family median price increased 2.9 percent to $350,000;-The single-family average price rose 4.7 percent to a record high of $445,440; -Single-family home months of inventory registered a 4.3-months supply, up from 3.1 months last July;-Townhome/condominium sales continued to decline, falling 19.5 percent, with the median price up 0.7 percent to $221,500 and the average price declined 0.8 percent to $261,123.

It's the start of a slow decline.

This 60 basis point increase is particularly notable given that just a year ago, San Jose was grappling with rent declines.

Currently my husband's parents own the property but need to sell due to declining health. 

You know that the life cycle of a company is in decline when they basically wash their hands of anything and everything, have zero sense of any reasonableness, nor the slightest interest in helping their “partners”.At this point, it’s all just a money grab. 

Which won't be a terrible idea since rates should be declining at the same time.

What is the reason why you got declined?