Things To Watch in the US Housing Market This September

The U.S. housing market slowed in August with pending home sales down 0.2% year-over-year and contract signings down 3.7%, amid rising mortgage rates and affordability challenges. Sellers reduced listing prices for the 10th consecutive month, with a 1% drop in median list price, while delistings declined 12.6%. Inventory rose 3.6% but remains below pre-pandemic levels. Regional price cuts suggest a narrowing market divide, though buyer demand weakens.