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✉news BusinessReal Estate first seen 3 h ago, last 19 min ago, peak #12

US Home Price Cuts Hit Four-Year High as Mortgage Rates Top 7%

Original: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%

Realtor.com's September 2026 housing trends report says the share of home listings taking price cuts has reached a four-year high, while average 30-year mortgage rates have climbed back above 7%. The combination points to weakening seller leverage and growing affordability strain for buyers heading into the fall season.

Why now: Rising mortgage rates combined with record price cuts signal a notable shift in the US housing market that affects buyers, sellers and the broader economy.

Realtor.comUS housing market

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