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For-sale prices and inventory, and how a shifting sales market changes what rental owners can charge and what they can buy. The desk publishes an original briefing every morning, and every one that carries this tag collects here.
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Redfin's median sale price fell 0.1% year over year to $389,601 as pending sales hit a record low. Fewer residents will leave to buy, single-family rentals may face new competition, and selling a rental now favors the buyer.
Read the briefingRealtor.com says 20.8% of listings cut prices in September, a four-year high, as rates topped 7% and homes under contract fell 4.1%. Renters may stay longer, but asking rents are still down 0.9%, and buying a rental just got easier to negotiate.
Read the briefingThe Fed meets Sept. 15-16 with markets braced for the first hike since 2023 and mortgage rates at a 15-month high of 6.76%. Sidelined buyers are a retention tailwind, but a record seller surplus means unsold homes can become rental competition. What to do before Wednesday.
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