Insight
The percentage of homes undergoing price cuts has been lower year over year for most of 2026, with 40.21% in 2026 compared to 41% in 2025.
Can the housing market weather Iran conflict 2.0 and higher rates?
Summary
Housing market faces headwinds from Iran conflict & high rates (above 6.64%). Pending sales show slight YoY decline, and purchase applications are down 7% WoW. Inventory is up YoY, but new listings lag seasonal peaks. Price cuts are down YoY.
Key takeaway