✉news BusinessReal Estate first seen 9 h ago, last 3 h ago, peak #12
US 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 shows the share of homes with price cuts reaching a four-year high, with mortgage rates climbing back above 7%. The data points to a cooling US housing market, with sellers under growing pressure to reduce asking prices as elevated borrowing costs keep many buyers on the sidelines.
Why now: Fresh monthly data shows rising mortgage rates and record-high price cuts, raising concerns about the housing market slowdown.
Evidence
- September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7% · Realtor.com
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