10/19/2026
NATIONAL MARKET UPDATE
New listings fell 5.1% from last year, the sharpest decline since winter. Fewer homeowners are listing, but homes aren't selling quickly enough to reduce inventory. Sellers must price competitively.
MBA expects mortgage and Treasury rates to ease from recent peaks but remain higher than forecast. Affordability challenges will likely persist, keeping buyers focused on monthly payments.
Existing-home sales rose slightly in September, but remained 2.2% below last year's pace. The modest improvement shows buyers are still making moves, even as the market remains sluggish.