Here is your real estate news for Monday, September 29th.
Today’s Real Estate News (September 29th, 2025):
New-Home Sales Surge as Builders Slash Prices & Incentives
New-home sales leapt in August to their highest level in three years, climbing ~20.5% month over month to an annualized 800,000 units. That gain is largely driven by aggressive builder discounts, mortgage rate buydowns, and incentives: ~39% of builders cut prices (average cut ~5%) to move inventory. While the headline jump is eye-catching, some economists caution that it may be influenced by seasonal adjustments or temporary demand spikes.
U.S. Housing Market Still “Stuck in a Rut” Despite Small Ebb in Rates
A Reuters survey suggests the U.S. housing market will remain weak through 2026, as mortgage rates near 6.5% continue to suppress demand. Prices have fallen for four straight months on the S&P CoreLogic Case-Shiller index—the longest such slide since early 2023. While the median rate has dropped to ~6.35%, affordability constraints remain pervasive, with only a small share of renters able to qualify for median-priced homes.
Mortgage Rates (September 29th, 2025):
- 30-Year Fixed-Rate: 6.38%
- 15-Year Fixed-Rate: 5.90%
- 30-Year Jumbo: 6.29%
- 10 Year Treasury Yield: 4.17%
In the competitive real estate market, staying informed is crucial for both buyers and sellers. By understanding mortgage trends, housing market shifts, and the broader economic environment, individuals can make well-informed decisions. This knowledge can lead to more effective pricing strategies, better investment timing, and smoother transactions. For buyers, tracking mortgage rates can help them secure more favorable terms, while sellers who know their local market trends can set more competitive listing prices. Overall, staying updated on these topics not only helps real estate professionals serve their clients better, but also empowers everyday buyers and sellers to achieve their property goals.
Thanks for reading,
Chris
