10/20/2026
U.S. housing is cooling, but prices remain resilient.
• 30-year mortgage: 7.40%
• Purchase applications: -16% YoY
• Pending sales: -12.7% YoY• Active listings: +2% YoY
• Median sale prices: +0.5% YoY
Buyer demand is weakening. Pricing matters.
What does this mean for real estate?
Higher borrowing costs continue to discourage buyers, yet home prices have remained surprisingly resilient nationally.
For sellers, realistic pricing is increasingly important. For qualified buyers, weaker demand may create greater negotiating opportunities.