Pompano Beach – October 16, 2026 -- The 30-year fixed mortgage rate now averages 7.4%, the highest since November 2023, even as the US housing market tilts toward buyers for the first time in years. The 15-year fixed rate averages 6.73%, up from 5.53% a year ago.
Sellers outnumber buyers by 58% nationwide
In August, there were 58% more sellers than buyers, the widest gap since Redfin began tracking the data in 2013. The National Association of Realtors puts supply at 4.9 months at the current sales pace, the highest in almost ten years.
Homes.com reports that inventory rose in 70% of 930 markets, while buyers stayed cautious. Seattle listings climbed 21.5% to 15,959 homes, yet sales fell 12.8%. In Nashville, listings rose 18.7% and sales dropped 7%, with sellers offering incentives of up to $36,000 and lower commissions.
Florida prices climb despite higher rates
Florida is moving the other way. Statewide inventory fell by double digits in August, which is pushing prices up, particularly in ocean-view areas. Average sales prices for Pompano Beach condos near the ocean (zip code 33062) rose from $638,875 in August 2025 to $836,358, and closed sales also increased.
More than 200,000 people transferred driver's licenses from other states to Florida in the first half of 2026, the highest first-half total since 2023. New York sent the most, at 23,436, followed by Georgia, New Jersey, California and Texas. The pace remains below the first halves of 2021 (215,412) and 2022 (243,421).
WalletHub ranked Orlando, Miami and Tampa as the top three US retirement cities among 182 metro areas, scored on 45 criteria across healthcare, activities, affordability and quality of life.
Celebrity and historic homes change hands
Donald Trump's childhood home in Jamaica Estates, Queens, sold for $1.93 million after extensive renovation to fix mold and neglect. The five-bedroom, three-bathroom Tudor, built in 1940 by Fred Trump, sold for $2.14 million months after Trump took office in 2017, according to Zillow. Seller Tommy Lin paid $835,000 last year.
In Las Vegas, Avon executive Girard Henderson's 1960s underground fallout-shelter home sold for $4.5 million. It spans 14,620 square feet with five bedrooms and six baths.
The vacant Miami Beach lot where Al Capone's mansion stood sold for $21 million, a $5.5 million gain over its $15.5 million 2021 price. The mansion was demolished in 2023.
In Galesburg, Michigan, the Eppstein Residence, one of only four Frank Lloyd Wright homes built at The Acres community for Upjohn scientists, is on the market for $2.1 million.