High Costs Sideline Some Would-Be Homebuyers, Handing Upper Hand to Those Who Stay in the Market

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    "url": "https://www.prnewswire.com/news-releases/high-costs-sideline-some-would-be-homebuyers-handing-upper-hand-to-those-who-stay-in-the-market-302874472.html",
    "title": "High Costs Sideline Some Would-Be Homebuyers, Handing Upper Hand to Those Who Stay in the Market",
    "excerpt": "Redfin agents say pricing realistically from the start is the key to finding a buyer; 21% of home sellers are dropping their price SEATTLE , Sept. 10, 2026 /PRNewswire/ -- Homebuying costs have hit their highest level in over a year, according to a new report from Redfin , the real estate brokerage powered by Rocket. Here's what else is happening in the housing market for the four weeks ending Sept. 6: For Redfin economists' takes on the housing market, please visit Redfin's \" From Our Economists \" page. Leading indicators Indicators of homebuying demand and activity Value (if applicable) Recent change Year-over-year change Source Daily average 30-year fixed mortgage rate 6.97% (Sept. 9) Highest level in over a year Up from 6.29% Mortgage News Daily Weekly average 30-year fixed mortgage rate 6.71% (week ending Sept. 3) Up slightly from one week earlier Up from 6.5% Freddie Mac Mortgage-purchase applications (seasonally adjusted) Down 0.2% from a week earlier (as of week ending Sept. 4) Up 4% Mortgage Bankers Association Google searches of \"homes for sale\" Down 18% from a month earlier (as of Sept. 5) Down 15% Google Trends Touring activity Down 0.6% from the start of the year (as of Sept. 6) At this time last year, it was up 21% from the start of 2025 ShowingTime Key housing-market data U.S. highlights: Four weeks ending Sept. 6, 2026 Redfin's national metrics include data...",
    "product": "Housing Market Update Report",
    "summary": "Real estate brokerage Redfin has released a new report indicating that homebuying costs have reached their highest level in over a year.",
    "location": "Seattle, Washington, USA",
    "planning": false,
    "image_url": "https://mmx.prnewswire.com/media/MS690711/Redfin-Powered-by-Rocket-Logo.jpg?id=OA2940013&p=facebook",
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    "published_at": "2026-09-10T12:00:00Z",
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        "city": "Seattle",
        "state": "Washington",
        "region": "Northern America",
        "country": "United States",
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    "article_sentence": "Homebuying costs have hit their highest level in over a year, according to a new report from Redfin , the real estate brokerage powered by Rocket."
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