Zillow nowcast shows newly pending US home sales fall 8.5% in September as mortgage rates hit 7.28%
Bitget2026/10/06 12:04Zillow 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.
- 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: 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.
You may also like
Saudi Aramco resumes full oil supply to European customers, reducing alternative procurement pressure for European refineries
Saudi Aramco has announced that it will resume supplying full crude oil volumes to European refiners in November. Previously, after an attack by drones on Saudi Arabia’s East-West oil pipeline, Saudi Aramco had informed European clients that it would not provide any crude oil quotas in October, forcing buyers to seek alternative sources. The pipeline’s capacity has now been restored to over 80%, and Saudi Arabia’s daily crude oil exports to Europe, about 700,000 to 800,000 barrels, are expected to return to normal.
BUZZ - Standard Motor Products shares slightly fell after the chief financial officer announced resignation.
On October 9, shares of auto parts manufacturer Standard Motor Products (SMP.N) edged down 0.4% in volatile after-hours trading, closing at $36.52. SMP announced that its Chief Financial Officer, Nathan Iles, will resign on October 30, as he plans to serve as CFO at another public company and move closer to his family. Current board member James Burke will serve as interim CFO starting October 30 until a permanent successor is appointed, according to the company's statement. “During his tenure, Nathan has played an important role in strengthening our financial organization, supporting our strategic growth plans, maintaining disciplined capital allocation, and enhancing our capabilities as a public company,” said CEO Eric Sills. As of the previous trading day close, SMP shares have declined slightly year-to-date.
IWF ETF Climbs 0.6%
This article was automatically generated using Dow Jones technology. Shares of iShares Russell 1000 Growth ETF rose 0.6% to $127.91 Friday on what proved to be an overall positive trading session for the U.S. stock market, with the S&P 500 Index rising 0.6% to 7,811.54. The fund's rise snapped a two-day losing streak. The fund's underlying index, the Russell 1000 Growth Index, rose 0.6%. The ETF's shares closed 1.5% below the 52-week high of $129.80 seen on October 6, 2026. Trading volume was 3,543,874, compared to the 65-day average trading volume of 3,895,636. As of October 8, the fund's net asset value totaled $127.11 per share. Data source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 09, 2026 16:36 ET (20:36 GMT)
Fair Isaac Corp. Stock Sheds 5.6%, Underperforms Peers
This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of Fair Isaac Corp. slipped 5.6% to $667.58 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.6% to 7,811.54 and the Dow Jones Industrial Average rising 0.8% to 51,654.95. Fair Isaac Corp. closed 64.1% short of its 52-week high of $1,858.91, which the company reached on December 12th. The stock underperformed when compared to some of its peers, as International Business Machines Corp. rose 0.2% to $227.13, Fiserv Inc. fell 0.7% to $45.63, and ACI Worldwide Inc. fell 0.39% to $50.87. Trading volume totaled 1.1 million, compared to the 50-day average of 681,720. Data source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 09, 2026 16:34 ET (20:34 GMT)