NewsMarkets

Business

Global Housing Markets Stall as Mortgage Rates Stay High and Prices Fall

High mortgage rates are depressing housing activity in the US, UK, and Australia, while China sees a slight easing of its price slump.

13 publishers · 54 articles · first seen 29 Sept 2026 · updated 15d ago

Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made

This story has stopped developing; this page is its permanent record. More from that day

The story so far

13 publishers have covered this in 54 articles since 29 Sept 2026. Bloomberg.com published first, on 29 September at 22:53 UTC; News Feed followed 24h 08m later. The most recent article, from Quartz, appeared on 23 October at 12:51 UTC.

Outlets reporting it: Bloomberg Markets (major outlet), News Feed (major outlet), The Guardian (major outlet), The Hill (major outlet), Washington Post Business (major outlet), The New York Times (major outlet), Axios (major outlet), MarketWatch, South China Morning Post, Fortune, Quartz, All Content from Business Insider and 1 more, all listed under Sources below.

No prediction market is linked to this story at the moment. We match each story to Polymarket and Kalshi markets by what they ask, and show one only when it is close enough to be useful; if a market on this topic opens, it will appear here. Meanwhile, browse every market we track or see how stories and markets are matched.

How it unfolded

Every source in the order it published.

  1. Bloomberg.comA$75 Million Point Piper Home Shows Housing Slump Hitting Sydney's Elite
  2. Bloomberg MarketsAustralia’s Home-Price Slump Deepens, Set to Extend Into 2027
  3. Bloomberg MarketsNew Zealand House Prices Fall to Lowest Since Early 2021
  4. Bloomberg MarketsAustralia Housing Market: Why Are Home Prices Falling, How Far Could They Drop
  5. News FeedAustralia’s housing slump could have a silver lining for its banks
  6. Bloomberg.comAustralia Bans Card Surcharges, Home Prices Slide, Private Credit Slump Deepens
  7. Bloomberg.comSingapore Home Prices Accelerate Despite Slowdown in Sales
  8. The Guardian BusinessAnnual UK house price growth halves as mortgage rates rise – business live
  9. News FeedUK house prices fall as higher mortgage rates ‘subdue’ market
  10. The Guardian BusinessUK house price growth halves amid rising mortgage interest rates
  11. Show 44 later sources
    1. MarketWatchThis city saw 1 in 3 home sellers slash their asking price in September to attract reluctant buyers
    2. South China Morning PostMore Hong Kong homes sell at a loss despite signs prices have bottomed: agents
    3. Bloomberg MarketsAustralia’s Consumer Confidence Tumbles Further After Rate Hike
    4. The Guardian BusinessAustralian consumer confidence plunges to worst level since 1990s after RBA rate rise
    5. FortuneRedfin signals a shift in power to buyers as a record share of sellers cut prices for this time of year—but 7% mortgage rates are a problem
    6. Just In NewsHow rising mortgage rates are hitting the housing market hard
    7. The Guardian BusinessUK house prices flatline as rising mortgage costs weigh on market
    8. QuartzThe 10 cities where luxury home prices have soared the most in 5 years
    9. News FeedHigher mortgage rates inflict ‘pain’ on UK housing market
    10. MarketWatchWith mortgage rates soaring above 7.5%, the smart money rents in America
    11. All Content from Business InsiderTwo charts show how far homeownership is slipping out of reach as mortgage rates skyrocket
    12. South China Morning PostNew vs old: why new-builds are far outselling used homes in Hong Kong
    13. Washington Post BusinessIt’s a great time to buy a house — if you can stomach a 7% rate
    14. Bloomberg MarketsUS Mortgage Rates Rise for Seven Straight Weeks
    15. QuartzRedfin says pending home sales are sinking to a near 12-year low as mortgage rates top 7%
    16. Bloomberg MarketsUS Existing-Home Sales Rise for First Time in Four Months
    17. Fortune‘A very tough market out there’: U.S. home sales fell 2.2% from last year as mortgage rates and prices rise
    18. Bloomberg MarketsUS Mortgage Rates Hit 7.5%, Extending Slump in Purchase Activity
    19. QuartzU.S. mortgage rates hold at 7.5%, pushing home purchase applications to a fresh low
    20. Bloomberg MarketsUS Mortgage Rates Reach 7.5%; Home-Buying Slump Hits Sixth Week
    21. MarketWatchWill mortgage rates stay above 7% in 2027?
    22. The New York TimesHomeownership Drifts Further Out of Reach as Rates Rise
    23. The New York TimesMortgage Rates Hover at 7.4%, Highest Since 2023
    24. Bloomberg MarketsUS Mortgage Rates Unchanged at 7.4% as Housing Market Struggles
    25. The HillMortgage rates hit the brakes
    26. The GuardianMortgage repayments are now cheaper than rent in some Australian suburbs. Is yours among them?
    27. MarketWatchMeet the home buyers totally unfazed by 7% mortgage rates
    28. Bloomberg MarketsAustralian Home Auctions Decline as Rate Hikes Dampen Activity
    29. BBC BusinessHome sellers cut asking prices on 3,000 properties a day
    30. Bloomberg.comChina Home Price Slump Eases, Fueling Hopes for Market Recovery
    31. The GuardianMore than half of UK first-time buyers paying more for mortgage than they did for rent
    32. MarketWatchBuilders slash prices on new homes as buyer traffic drops to 14-year low
    33. MarketWatchIt’s a rough housing market, and Goldman Sachs expects it to get worse
    34. Bloomberg MarketsDubai Luxury Home Sales Fall From Record Levels as War Drags On
    35. QuartzU.S. homebuilder sentiment sank to a 14-year low as mortgage rates climbed past 7%
    36. MarketWatchPending home sales sink to 25-year low as buyers flee high mortgage rates
    37. News FeedUS pending home sales fall to record low as mortgage rates surge
    38. AxiosHomebuilder sentiment is at a 14-year low
    39. South China Morning PostA 2027 turning point? Goldman, Citi see stabilising signs in China’s housing market
    40. QuartzMortgage applications fell 5.3% as rates declined for the first time in over two months
    41. The GuardianHouse prices falling in every Australian capital city for first time in 15 years
    42. The New York TimesMortgage Rates Remain Above 7%, Pushing Home Prices Lower in Some Areas
    43. The HillMortgage rates decline for first time in 2 months
    44. Quartz10 housing markets where sellers are cutting home prices, per Redfin

Sources

Every article we clustered into this story. Headlines link to the publisher.

  1. Mortgage rates decline for first time in 2 months The Hill ·
  2. Mortgage Rates Remain Above 7%, Pushing Home Prices Lower in Some Areas The New York Times ·
  3. House prices falling in every Australian capital city for first time in 15 years The Guardian ·
  4. Homebuilder sentiment is at a 14-year low Axios ·
  5. US pending home sales fall to record low as mortgage rates surge News Feed ·
  6. Dubai Luxury Home Sales Fall From Record Levels as War Drags On Bloomberg Markets ·
Show 48 more sources
  1. More than half of UK first-time buyers paying more for mortgage than they did for rent The Guardian ·
  2. China Home Price Slump Eases, Fueling Hopes for Market Recovery Bloomberg.com ·
  3. Australian Home Auctions Decline as Rate Hikes Dampen Activity Bloomberg Markets ·
  4. Mortgage repayments are now cheaper than rent in some Australian suburbs. Is yours among them? The Guardian ·
  5. Mortgage rates hit the brakes The Hill ·
  6. US Mortgage Rates Unchanged at 7.4% as Housing Market Struggles Bloomberg Markets ·
  7. Mortgage Rates Hover at 7.4%, Highest Since 2023 The New York Times ·
  8. Homeownership Drifts Further Out of Reach as Rates Rise The New York Times ·
  9. US Mortgage Rates Reach 7.5%; Home-Buying Slump Hits Sixth Week Bloomberg Markets ·
  10. US Mortgage Rates Hit 7.5%, Extending Slump in Purchase Activity Bloomberg Markets ·
  11. US Existing-Home Sales Rise for First Time in Four Months Bloomberg Markets ·
  12. US Mortgage Rates Rise for Seven Straight Weeks Bloomberg Markets ·
  13. It’s a great time to buy a house — if you can stomach a 7% rate Washington Post Business ·
  14. Higher mortgage rates inflict ‘pain’ on UK housing market News Feed ·
  15. UK house prices flatline as rising mortgage costs weigh on market The Guardian Business ·
  16. How rising mortgage rates are hitting the housing market hard Just In News ·
  17. Australian consumer confidence plunges to worst level since 1990s after RBA rate rise The Guardian Business ·
  18. Australia’s Consumer Confidence Tumbles Further After Rate Hike Bloomberg Markets ·
  19. UK house price growth halves amid rising mortgage interest rates The Guardian Business ·
  20. UK house prices fall as higher mortgage rates ‘subdue’ market News Feed ·
  21. Annual UK house price growth halves as mortgage rates rise – business live The Guardian Business ·
  22. Singapore Home Prices Accelerate Despite Slowdown in Sales Bloomberg.com ·
  23. Australia Bans Card Surcharges, Home Prices Slide, Private Credit Slump Deepens Bloomberg.com ·
  24. Australia’s housing slump could have a silver lining for its banks News Feed ·
  25. Australia Housing Market: Why Are Home Prices Falling, How Far Could They Drop Bloomberg Markets ·
  26. New Zealand House Prices Fall to Lowest Since Early 2021 Bloomberg Markets ·
  27. Australia’s Home-Price Slump Deepens, Set to Extend Into 2027 Bloomberg Markets ·
  28. A$75 Million Point Piper Home Shows Housing Slump Hitting Sydney's Elite Bloomberg.com ·
  29. 10 housing markets where sellers are cutting home prices, per Redfin Quartz
  30. Mortgage applications fell 5.3% as rates declined for the first time in over two months Quartz
  31. A 2027 turning point? Goldman, Citi see stabilising signs in China’s housing market South China Morning Post
  32. Pending home sales sink to 25-year low as buyers flee high mortgage rates MarketWatch
  33. U.S. homebuilder sentiment sank to a 14-year low as mortgage rates climbed past 7% Quartz
  34. It’s a rough housing market, and Goldman Sachs expects it to get worse MarketWatch
  35. Builders slash prices on new homes as buyer traffic drops to 14-year low MarketWatch
  36. Home sellers cut asking prices on 3,000 properties a day BBC Business
  37. Meet the home buyers totally unfazed by 7% mortgage rates MarketWatch
  38. Will mortgage rates stay above 7% in 2027? MarketWatch
  39. U.S. mortgage rates hold at 7.5%, pushing home purchase applications to a fresh low Quartz
  40. ‘A very tough market out there’: U.S. home sales fell 2.2% from last year as mortgage rates and prices rise Fortune
  41. Redfin says pending home sales are sinking to a near 12-year low as mortgage rates top 7% Quartz
  42. New vs old: why new-builds are far outselling used homes in Hong Kong South China Morning Post
  43. Two charts show how far homeownership is slipping out of reach as mortgage rates skyrocket All Content from Business Insider
  44. With mortgage rates soaring above 7.5%, the smart money rents in America MarketWatch
  45. The 10 cities where luxury home prices have soared the most in 5 years Quartz
  46. Redfin signals a shift in power to buyers as a record share of sellers cut prices for this time of year—but 7% mortgage rates are a problem Fortune
  47. More Hong Kong homes sell at a loss despite signs prices have bottomed: agents South China Morning Post
  48. This city saw 1 in 3 home sellers slash their asking price in September to attract reluctant buyers MarketWatch

In this story

Embed this story

Paste this into any web page to show the live odds, with a link back here.