✉news BusinessReal Estate first seen 20 h ago, last 1 h 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% from the prior month, which the company describes as an early winter for the US housing market. The drop suggests buyers are pulling back sharply as mortgage rates remain elevated, with sellers facing a cooling market heading into the final months of the year.
Why now: The sharp decline in pending sales signals a notable slowdown in the US 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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