realestate

Homebuyers Celebrate: Falling Rates Surprise Boost Housing Market

Fed’s September rate cut boosts housing market, defying usual slow season, Zillow says; activity remains strong.

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    The Federal Reserve’s September rate cut has already lifted the housing market, even though September is normally the start of a slow season, Zillow reports. “Seller and buyer activity is unusually strong after a weak August,” the company said.

    Both sides are more active than usual, turning a typically sluggish period into a surprisingly hot one.

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    Zillow notes that lower mortgage rates and a buoyant stock market gave the market a second wind heading into fall, sparking a 3 % year‑over‑year rise in September listings—contrasting with a 3 % drop in August.

    Top seller markets: Buffalo, NY; Hartford, CT; San Jose, CA; New York, NY. Zillow cites tight land‑use rules as a key driver.

    Best buyer markets: Miami, FL; New Orleans, LA; Austin, TX; Jacksonville, FL; Indianapolis, IN, where recent construction has created buyer‑friendly conditions.

    Zillow calls fall a prime time for buyers, noting lower competition than spring and more inventory. Sellers are urged to showcase their homes in the best light to secure higher prices.

    Other news: Deloitte’s fastest‑growing software company lets users earn money by scrolling, and accredited investors can still buy shares at $0.50 each.

    Interest‑rate cuts have buoyed the economy, and analysts expect another Fed cut next week, with a possible additional cut in early December, the Fed’s final meeting of the year.

Homebuyers cheer as falling rates boost U.S. housing market.