Fed Cuts Rates, but Powell Says December Cut Is No Guarantee
Zillow maintains its expectation that mortgage rates will struggle to break below 6% in 2026
Lower mortgage rates extend housing momentum into fall (September market report)
Buyers and sellers remained unseasonably active, bouncing back after an August lull
Construction catches up with demand, giving renters an affordability break
Affordability improves in most major metros
Zillow: CPI Shelter Forecast, September 2025
Zillow forecasts that rent growth measured by the Consumer Price Index will soften substantially into the end of 2025.
