New data shows September housing market experiencing a deep freeze

New data released in September 2026 highlights a significant slowdown in the U.S. housing market, indicating the market is in a deep freeze. Home sales have dropped sharply due to rising mortgage rates and decreased buyer demand, resulting in reduced transaction volumes. This cooling trend reflects growing affordability challenges and economic uncertainties that continue to weigh on potential homebuyers. Additionally, inventory levels remain low, but sellers are hesitant to list properties amid declining prices and limited buyer activity. The data underscores the challenging environment for both buyers and sellers, with market experts forecasting a continued slowdown in the coming months. For consumers and investors, understanding these trends is essential to navigating the current housing landscape effectively. Overall, the September data signals a pronounced shift, marking one of the slowest periods the housing market has seen in recent years.

CNBC

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