{"id":39,"date":"2026-10-07T10:00:00","date_gmt":"2026-10-07T10:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/furhadwaquad-com\/2026\/10\/07\/us-existing-home-sales-hit-a-14-month-low\/"},"modified":"2026-10-07T10:00:00","modified_gmt":"2026-10-07T10:00:00","slug":"us-existing-home-sales-hit-a-14-month-low","status":"publish","type":"post","link":"https:\/\/www.furhadwaquad.com\/blog\/2026\/10\/07\/us-existing-home-sales-hit-a-14-month-low\/","title":{"rendered":"US Existing Home Sales Hit a 14-Month Low"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/furhad-waquad\/existing-home-sales-hit-14-month-low-remotion-videos-09ef\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>The most recent data confirms a notable shift in the US housing market: existing-home sales have dipped to a 14-month low, now sitting just below 4 million at a 3.98M annual pace in mid-Q3\u2014a 2% decrease month-over-month. With over three decades guiding clients through changing markets, I\u2019ve seen how these numbers reflect broader buyer sentiment and evolving opportunities. Mortgage rates are averaging close to 7% for a 30-year fixed, which has cooled some activity, but inventory has grown to a 4.9-month supply. This means buyers have more options, and listings are building across the country\u2014a dynamic that brings new negotiating power for those ready to make a move.<\/p>\n<p>The median existing-home price reached $429,100, setting a new record for mid-Q3. Higher-priced properties are still driving the strongest activity, a trend I\u2019ve observed not only in Michigan but also in broader markets. Encouragingly, rising wages and steady job growth are supporting demand. First-time buyers represented 30% of mid-Q3 purchases, while cash deals accounted for 27%, and homes typically spent 31 days on the market. As both a Realtor and international real estate instructor, my focus remains on translating these trends into informed strategies for clients and colleagues. Whether you\u2019re considering your next purchase or analyzing investment opportunities, understanding these shifts is key to making confident, well-timed decisions.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most recent data confirms a notable shift in the US housing market: existing-home sales have dipped to a 14-month low, now sitting just below 4 million at a 3.98M annual pace in mid-Q3\u2014a 2% decrease month-over-month. With over three decades guiding clients through changing markets, I\u2019ve seen how these numbers reflect broader buyer sentiment [&hellip;]<\/p>\n","protected":false},"author":493,"featured_media":40,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-39","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.furhadwaquad.com\/blog\/wp-json\/wp\/v2\/posts\/39","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.furhadwaquad.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.furhadwaquad.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.furhadwaquad.com\/blog\/wp-json\/wp\/v2\/users\/493"}],"replies":[{"embeddable":true,"href":"https:\/\/www.furhadwaquad.com\/blog\/wp-json\/wp\/v2\/comments?post=39"}],"version-history":[{"count":0,"href":"https:\/\/www.furhadwaquad.com\/blog\/wp-json\/wp\/v2\/posts\/39\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.furhadwaquad.com\/blog\/wp-json\/wp\/v2\/media\/40"}],"wp:attachment":[{"href":"https:\/\/www.furhadwaquad.com\/blog\/wp-json\/wp\/v2\/media?parent=39"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.furhadwaquad.com\/blog\/wp-json\/wp\/v2\/categories?post=39"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.furhadwaquad.com\/blog\/wp-json\/wp\/v2\/tags?post=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}