【Zillow】Winter Has Arrived Early in the Housing Market as Newly Pending Sales Fall 8.5% (Zillow September 2026 Market Report)

• In September, existing home sales fell 2.5% from last year according to Zillow’s nowcast. Newly pending sales, a forward-looking indicator of future closed sales, fell by 8.5% as mortgage rates reached their highest level since November 2023. 
• A monthly mortgage payment on a typical home is 6.7% higher than a year ago, assuming a 20% down payment and excluding taxes and insurance. That’s despite home values rising just 1% over the past year, according to the Zillow Home Value Index. 
• The typical U.S. rent rose 2.7% from a year earlier to $1,932, the biggest annual gain since April 2025 according to the Zillow Observed Rent Index.

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