September Housing Data: Pending Sales at a 25-Year Low as Mortgage Rates Near 7.5%

The segment reviews September housing data and mortgage-market conditions, focusing on weak buyer demand despite a slight weekly decline in the 30-year fixed rate. It also examines affordability, inventory constraints, price adjustments, and disputes over private listings and MLS rules.

■ September housing data and mortgage demand
- Pending home sales fell to a 25-year low
- Mortgage rates remained near 7.5%, and a weekly average decline did not lift buyer demand
- Mortgage applications fell again and were down close to 16% year over year

■ Affordability and inventory conditions
- Current rate levels affect both monthly payments and borrower qualification
- Home prices continued to be higher year over year amid a multi-million-home supply shortfall
- More inventory is appearing as homes sit longer on the market, and some sellers are cutting prices, with conditions varying by local market

■ Private listings and MLS disputes
- The discussion covers legal and industry disputes involving private listings and MLS rules
- Compass CEO comments address listing visibility, marketing channels, and seller choice
- Several lawsuits are mentioned, with some settled or stopped and one in California ongoing

It is suited to viewers seeking a concise overview of recent housing-market signals, mortgage demand, inventory trends, and listing-policy disputes. Viewers gain context for monitoring mortgage rates, local inventory, and MLS-related developments.