Sellers Outnumbered Buyers by 58% in August
The Buzz is a summary of housing market news and data driving our decision-making at BlueBid.
Here's the Buzz for the week of September, 2026:
The average 30-year fixed-rate mortgage rose to 7.17%, according to Mortgage News Daily. This marks the highest level since January 2025.
Data from the National Association of Realtors shows existing-home sales down 2.0% month-over-month and 1.2% annually for the month of August.
In fact, Redfin reports sellers outnumbered buyers by 58% in August.
Zillow says a building slowdown spells trouble down the road, as homebuilders are permitting 19.2% below the pre-pandemic trend.
We work closely with agents, and one need comes up again and again: a simpler way to see and manage relationships - from personal connections to fellow agents and database contacts. That insight led us to build Pocket List for Agents, a lightweight app that seamlessly builds relationship maps for agents and their teams. Pocket List is now available for download on the App Store.
Have a great week.
Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.
