Housing Week Ahead: September Housing Data, Home Prices, Jobs Report

The coming week brings a major monthly release from the Realtor.com® economics team as well as key economic indicators.

On Wednesday, senior economist Jake Krimmel will publish our September Housing Trends Report, which will offer an early look at how the housing market is faring as mortgage rates move back above 7%.

On Thursday, senior economist Hannah Jones analyzes the latest trends in starter homes nationwide and across markets, while Jake returns to share the latest weekly housing market data.

From an indicator perspective, the team is watching the Case-Shiller Home Price index, due out Tuesday, Freddie Mac mortgage rates on Thursday, and the monthly jobs report on Friday.

Case-Shiller is likely to show another month of annual gains in home prices. But, as we’ve seen in recent months, I don’t expect to see home price growth surpass the overall inflation rate.

The regional divergence in home prices is likely to continue, with Midwest and Northeastern markets like Chicago, New York, and Cleveland seeing the highest growth rates, while Western markets like Seattle, Las Vegas, and Denver post modest declines.

This week’s mortgage rate reading will be one to watch. Last week, mortgage rates rose above 7% for the first time since January 2025. The factors driving rates higher, including stronger growth, higher inflation, the Middle East conflict, and growing federal deficits, are all likely to persist.

On Friday, we’ll see the September jobs report, which is one of the key indicators for the Federal Reserve. Currently, the Fed is focused on inflation, but policymakers will be looking for a roughly stable unemployment rate amid ongoing hiring.

The jobs report matters, but it is unlikely to change market expectations that at least one more Fed rate hike is on the horizon this year.

For full reports, the Market Clock, and raw housing data, visit realtor.com/research.