✉news BusinessReal Estate first seen 2 d ago, last 1 d ago, peak #4
Zillow Says Winter Comes Early as Pending Home Sales Fall
Original: Zillow: Winter Comes Early in the Housing Market as Newly Pending Sales Fall
Zillow reports that newly pending home sales are falling, describing it as winter arriving early in the US housing market. The company suggests buyer activity is cooling faster than the usual seasonal slowdown would imply, with fewer Americans moving to put homes under contract. The figures add to signs that high mortgage rates and affordability pressures are weighing on housing demand heading into the colder months.
Why now: Newly pending home sales are dropping faster than normal seasonal trends, renewing concerns about the housing slowdown.
Rank over time, top of the chart is #1. 13 snapshots from 2 d ago to 1 d ago.
Evidence
- Zillow: Winter Comes Early in the Housing Market as Newly Pending Sales Fall · themortgagepoint.com
API: https://socialmediatrends-api.osmike.com/v1/trends/1278565