{"id":1528,"date":"2026-09-30T19:18:39","date_gmt":"2026-09-30T19:18:39","guid":{"rendered":"https:\/\/nohasslelistingblog.com\/?p=1528"},"modified":"2026-09-30T19:18:39","modified_gmt":"2026-09-30T19:18:39","slug":"market-update-september-2026","status":"publish","type":"post","link":"https:\/\/nohasslelistingblog.com\/?p=1528","title":{"rendered":"Market Update September 2026"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Housing Market Stall<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The housing market has been a slow moving one \u2013 with little to warrant headlines.&nbsp; Not so of late in the mortgage market.&nbsp; Rates all summer were in the in mid-6 % range only to suddenly rise to 7.24%. A case of real estate d\u00e9j\u00e0 vu, reminiscent of the 2022\u201323 market, when the rate shock brought our market to a standstill. It\u2019s not just the interest rate that affects demand, but also the suddenness or speed of the change.&nbsp; Human nature seems to dislike rapid change as a general rule and this most certainly applies to finance.&nbsp; Buyers typically pause when the rate is actively changing &#8211; whether up or down.&nbsp; As the Cromford Report points out:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201c<em>Home values didn\u2019t crash in 2023 or 2024 when rates were routinely over 7.25%, and market indicators do not support a crash in 2026. However, they may glide with less demand\u2026.This pause provides a window of opportunity for those buyers who can shoulder a higher payment temporarily and negotiate a better deal on the price or terms of their purchase. When rates decline again, they may refinance their home and enjoy a lower payment.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Those who purchased in 2023 at 8% in October were able to refinance at 6.6% by December, or 6.1% by September 2024. Rates increased to 7.25% by January 2025, and those buyers were able to refinance to 6.1% by September. As a rule of thumb, every 1% change in mortgage rate equates to roughly a 10% difference on the principal and interest payment.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u2026Buyers who can shoulder the higher rate can negotiate better terms on the home they want today, and get the payment they want when rates decline in the future<\/em>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As we have mentioned so often, the exception is the luxury market which continues to remain strong and unaffected by interest rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u2026 the luxury market over $1.5M continues to be strong with August sales up 15% over last year. More specifically, sales over $3M were up 59% in August with 62 closings compared to 39 last year. Luxury buyers do not rely on mortgage rates; instead, they are influenced primarily by stock market performance and corporate profits. Corporate profits hit another record in Q1 this year and the stock market has remained resilient through the year.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buyers who can overcome fear and inertia, will likely score a great value on a home when other buyers flee to the sidelines.&nbsp; Sellers who focus on attractive pricing and concessions to assist buyers in buying down the interest rates, will secure the attention of those buyers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Want an opinion on your specific home?&nbsp; We will happily do a supply\/demand analysis and show you how to win in today\u2019s market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Russell &amp; Wendy Shaw<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Mostly Wendy)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Housing Market Stall The housing market has been a slow moving one \u2013 with little to warrant headlines.&nbsp; Not so of late in the mortgage market.&nbsp; Rates all summer were in the in mid-6 % range only to suddenly rise to 7.24%. A case of real estate d\u00e9j\u00e0 vu, reminiscent of the 2022\u201323 market, when [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1528","post","type-post","status-publish","format-standard","hentry","category-real-estate-market"],"_links":{"self":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1528"}],"version-history":[{"count":1,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1528\/revisions"}],"predecessor-version":[{"id":1529,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1528\/revisions\/1529"}],"wp:attachment":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}