August saw a 1.4% drop in active listings, while new listings dropped 1.1%, according to new data from Redfin.

Refi applications shot up ahead of the Fed’s latest rate cut. With more cuts to come, should you wait or act now?

Zillow reports new listings in August fell 7.3% from July, though total inventory is still up year-over-year.

They’ve already come down in anticipation. But what Chair Powell says during the press conference could shed light on whether they’ll continue to fall.

The increase could be partially due to rising unemployment and stalling job creation.

But that’s a sign of a weakening economy.

The number of households that are homeowners in the U.S. has fallen, ever so slightly, by 0.1% year on year. Still, today’s homeownership rate of 65% is par for the course. 

“A lot of that information on what the Fed is going to do in September is already priced in” to current mortgage rates, said Zillow economist Kara Ng.

New data underscores the “resilience” of first-time homebuyers.

Home sales climbed by 2% in July, according to the National Association of Realtors, but prices remain high.