Housing Market Shift: Sellers Lead Concession Surge as Rates Soar
The U.S. housing market is experiencing a significant shift, with sellers increasingly absorbing costs to attract buyers. In August 2026, sellers provided concessions in 44.7% of sales, the highest share for that month since 2020. This trend is driven by mortgage rates climbing above 7%, making financial assistance more impactful than price reductions for buyer affordability.