The US housing market is set to cool this fall, setting up a rare opportunity for buyers as sellers slash prices, Zillow says

• The housing market is starting to cool down, and that could usher in a good opportunity for homebuyers, Zillow says.
• The percentage of home listings that had a price cut jumped to 9.2% in the week ending September 16.
• That tops the 7.9% rate for the comparable period in 2019 and is "unusually high," Zillow says.

The US housing market is starting to cool down, and that could usher in a good opportunity for homebuyers as prices get slashed, Zillow says.

Though the housing market typically cools off during the fall months, more homes are seeing price cuts this year than they have in the past, the real-estate-listings site said in a note on Thursday.