Zillow nowcast shows newly pending US home sales fall 8.5% in September as mortgage rates hit 7.28%

Bitget2026/10/06 12:04

Zillow September 2026 Market Report flagged a sharp housing slowdown as newly pending sales fell 8.5% year over year. Existing-home sales fell 2.5% from a year earlier, based on Zillow’s preliminary nowcast. Mortgage rates ended September at 7.28%, the highest since November 2023, lifting the typical monthly payment 6.7% year over year. Home values showed limited support for activity, up 1% year over year; the typical U.S. home value was $366,913. Rental demand stayed firm; typical U.S. rent rose 2.7% year over year to $1,932, the biggest annual gain since April 2025. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zillow Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: SF64526) on October 06, 2026, and is solely responsible for the information contained therein.

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Zillow September 2026 Market Report flagged a sharp housing slowdown as newly pending sales fell 8.5% year over year.
Existing-home sales fell 2.5% from a year earlier, based on Zillow’s preliminary nowcast.
Mortgage rates ended September at 7.28%, the highest since November 2023, lifting the typical monthly payment 6.7% year over year.
Home values showed limited support for activity, up 1% year over year; the typical U.S. home value was $366,913.
Rental demand stayed firm; typical U.S. rent rose 2.7% year over year to $1,932, the biggest annual gain since April 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zillow Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: SF64526) on October 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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