✉news BusinessReal Estate first seen 15 h ago, last 11 min ago, peak #1
Zillow reports early winter chill in US housing market
Original: Zillow's September Market Report shows an early winter in the housing market as newly pending sales fall 8.5%
Zillow's September market report shows newly pending home sales fell 8.5% month over month, a steeper drop than is typical for this time of year. The company describes it as an early winter for the housing market, with buyers pulling back amid high mortgage rates and affordability pressures. The figures point to a faster-than-normal seasonal slowdown in US home sales.
Why now: The sharp 8.5% drop in pending sales signals an unusually weak housing market, drawing attention from buyers, sellers and economists.
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- Zillow's September Market Report shows an early winter in the housing market as newly pending sales fall 8.5% · PR Newswire
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