Real estate technology company Zillow has revealed a significant change in the housing market, with the average 30-year fixed-rate mortgage (FRM) being 6.32%, maintaining a 0.03% range for the entire week. This is due to uncertainty surrounding the Iran war, which has potentially improved mortgage rates. The fast pace of pandemic‑era home sales has slowed, leaving the U.S. housing market split in two, with well-priced listings moving quickly and properties sitting on the market longer than they have in years. Zillowitz also found that 18.5% of homes went under contract within seven days in February 2026, and in the fastest-moving metros, St. Louis, Hartford and Seattle, over one‑third of listings reached pending status within a week. The widening split between quick sales and slow-moving listings signals a shift towards a more balanced housing market.