3 reasons why home prices keep going up, even though fewer people are buying
Published . Updated .
Weaker demand typically drives prices down, but national readings of home prices indicate that they’re still growing. What explains the disconnect?
Directly affected
- No company is named in this report.
Indirectly affected
- XLRE Real Estate Select Sector SPDR-0.8% 30d
Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “home prices” (real estate) in this story.
- XHB SPDR S&P Homebuilders ETF+2.4% 30d
SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “home prices” (real estate) in this story.
- PLD Prologis-6.9% 30d
Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “home prices” (real estate) in this story.
- DHI D.R. Horton+5.5% 30d
D.R. Horton (operative builders): housing and property firms move with mortgage rates and demand. Linked by “home prices” (real estate) in this story.
- LEN Lennar+5.7% 30d
Lennar (general bldg contractors - residential bldgs): housing and property firms move with mortgage rates and demand. Linked by “home prices” (real estate) in this story.
- WELL Welltower-3.2% 30d
Welltower (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “home prices” (real estate) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLREPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| XHBPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| PLDPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| DHIPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| LENPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| WELLPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Weaker demand typically drives prices down, but national readings of home prices indicate that they’re still growing. What explains the disconnect?
Source: MarketWatch
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna sold Prologis (PLD) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 33 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Prologis (PLD) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 47 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Horton D R (DHI), worth $15,001 - $50,000 on 17 Aug 2026. That is 72 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Lennar (LEN) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 33 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Lennar (LEN) (held by a dependent child), worth $1,001 - $15,000 on 11 Sep 2026. That is 47 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Lennar (LEN), worth $15,001 - $50,000 on 28 Aug 2026. That is 61 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“3 reasons why home prices keep going up, even though fewer people are buying” scores 12 out of 100. The score uses 1 sources.