Prospective buyers may be holding off given lower interest rate forecasts, economist says
Rent increases in smaller markets outweighed declines in big cities
Elevated interest rates, inflation have also increased the cost to finance projects
Vacancies and wages were flat, signalling a softening
The pickup occurred amid easing mortgage rates and as more homes came on the market
The supply of affordable housing has been a key political issue
National average home price in July was $667,317, down 0.2% from last year
Asset quality, capital expected to remain strong
It's the lowest level in more than a year
Economist warns people to be 'prudent' about any rebound in market activity