High mortgage rates strand home sellers as buyer demand plummets

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Homebuyers finally have the upper hand in the housing market, where soaring borrowing costs have cut into demand — but not supply.

Oct. 6, 2026, 1:07 PM EDT

By Alexandra Meier

Soaring mortgage rates and stubbornly high real estate prices across the country this year are putting home purchases on hold for millions of would-be buyers. But home sellers are feeling the pain just as acutely.

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High mortgage rates strand home sellers as buyer demand plummets

For Subscribers

FOR SUBSCRIBERSThis voting bloc holds the key to the midterms

FOR SUBSCRIBERSFlorida Democrats try to regain their mojo after years of Republican dominance

FOR SUBSCRIBERSJustice Department tells employees to adopt Trump’s AI rebrand

FOR SUBSCRIBERSFrance shuts down nearly 900 schools as violent student protests escalate

FOR SUBSCRIBERSTexts show worried Cornell fraternity brothers coordinating responses as accusations came to light

FOR SUBSCRIBERSFormer Olympic canoeist asks government watchdogs to probe ‘nightmare’ Reflecting Pool case

FOR SUBSCRIBERSA psychedelic drug could soon get approved in the U.S. What should the rules be?

FOR SUBSCRIBERSLocals called their town ‘Almost Heaven’. A plan to open a Buc-ee’s exposed its underbelly.

FOR SUBSCRIBERSThe Data Dive: Steve Kornacki on how Kansas became a surprise midterm battleground

FOR SUBSCRIBERSBaltic nations brace for Russian attacks as border threats escalate

FOR SUBSCRIBERSLatino voters feel buyer’s remorse in battleground Texas

FOR SUBSCRIBERSTips came in just minutes after Cornell alerted students to an alleged sex assault at a frat house

FOR SUBSCRIBERSWhat’s on the Supreme Court’s docket this term?

FOR SUBSCRIBERSFord CEO says ‘it’s our responsibility’ to make sure affordable cars are sold in the U.S.

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For Subscribers

FOR SUBSCRIBERSThis voting bloc holds the key to the midterms

FOR SUBSCRIBERSFlorida Democrats try to regain their mojo after years of Republican dominance

FOR SUBSCRIBERSJustice Department tells employees to adopt Trump’s AI rebrand

FOR SUBSCRIBERSFrance shuts down nearly 900 schools as violent student protests escalate

FOR SUBSCRIBERSTexts show worried Cornell fraternity brothers coordinating responses as accusations came to light

FOR SUBSCRIBERSFormer Olympic canoeist asks government watchdogs to probe ‘nightmare’ Reflecting Pool case

FOR SUBSCRIBERSA psychedelic drug could soon get approved in the U.S. What should the rules be?

FOR SUBSCRIBERSLocals called their town ‘Almost Heaven’. A plan to open a Buc-ee’s exposed its underbelly.

FOR SUBSCRIBERSThe Data Dive: Steve Kornacki on how Kansas became a surprise midterm battleground

FOR SUBSCRIBERSBaltic nations brace for Russian attacks as border threats escalate

FOR SUBSCRIBERSLatino voters feel buyer’s remorse in battleground Texas

FOR SUBSCRIBERSTips came in just minutes after Cornell alerted students to an alleged sex assault at a frat house

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FOR SUBSCRIBERSFord CEO says ‘it’s our responsibility’ to make sure affordable cars are sold in the U.S.

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