10/30/2026
🏡📉 Home Prices FALL While Rents RISE — For the First Time in Over 3 Years!
The housing market may finally be shifting in favor of homebuyers!
According to CNBC:
🏠 Home prices declined 0.1% year-over-year, the first drop in more than three years.
📈 Rents increased 0.1% year-over-year, also a first in more than three years.
🤝 Buyers may have more negotiating power as homes take longer to sell and sellers become more flexible.
💡 What does this mean for you?
While mortgage rates remain elevated, buyers may have opportunities to negotiate on price, request seller credits toward closing costs, or use those credits to help lower their interest rate.
Waiting for rates to drop isn't always the only strategy. Sometimes the opportunity is in the negotiation!
Thinking about buying? Let's run the numbers and see what makes sense for you.
📰 Source: CNBC, October 29, 2026