Home Deals Are Out There 10/2/26
Summary
CNBC’s Jessica Ettinger reports on sharp price drops in post-boom housing markets like Southwest Florida and Texas, with EXAR Realty CEO Leo Pareja noting that even rents are declining. Pareja explains that high diesel prices and grocery costs are creating psychological pressure, causing potential buyers to hesitate as mortgage rates rise into the 7% range. Consequently, his team expects home sales to remain flat year-over-year for 2026, as consumers wait for better conditions despite initial optimism.
Topics discussed
Introduction and sharp price drops in housing markets
Rising days on market and declining rents in Miami
Consumer psychology and drivers of housing demand
Mortgage rates and flat home sales outlook for 2026
Fidelity basket portfolios advertisement
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