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Business · Real estate · published 2026-09-02 · via Newsweek

US Housing Market Faces Cooling Sales, Rising Rates, and More Price Cuts

Image via Newsweek
Image via Newsweek

Pending home sales slipped 0.2% year-over-year in August, breaking an eight-month streak of gains. Mortgage rates have climbed for six consecutive months, reaching 6.67% in August from 6.05% in February, as the Fed weighs further hikes amid 3.4% inflation. Price-cut activity is now running above last year's levels for the first time in 2026.

Read the full article at Newsweek →
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This summary is AI-generated and original to Mobble; the linked article is the authoritative source. Original headline: “Newsweek: Three Things To Watch in the US Housing Market This September.” Browse more stories.