How are rising mortgage rates impacting the housing market?

As mortgage rates creep toward 7%, pending home sales and new listings are declining more than they did over the summer, as the number of sellers dropping prices rose to its highest level on record, and the number of homes selling for over asking price dropped to its lowest since the start of the pandemic.

Are home-buying applications down?

Yes, mortgage applications fell 2% week over week and were down 39% from last year.

Are home searches on Google down?

Yes, Google found fewer searches for “homes for sale” during the week ended Oct. 8, down 35% from last year putting it on par with March 2020.

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State of the national housing market 2025

General real estate stories

State of the national housing market 2025

Housing expert: Expect a moderate decline in housing prices

General real estate stories

Housing expert: Expect a moderate decline in housing prices

Analyst seems gradual slowdown in housing market, like a supertanker

General real estate stories

Analyst seems gradual slowdown in housing market, like a supertanker Analyst seems gradual slowdown in housing market, like a supertanker There are signs that the housing market is swinging to favor buyers. However, renewed worries about the economy are holding some...