The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1111 ET - Home sales slipped 0.6% year-over-year in August and fell sharply from July, Zillow says. Mortgage rates holding above 6.5% kept many buyers on the sidelines. Newly pending listings, a forward-looking measure of demand, fell 2.6% from a year ago, a sign that the slowdown could continue through the remainder of the year. The typical U.S. home value rose 1.3% from a year ago to $369,678, and the monthly mortgage payment on the typical home was 2% higher than last year, Zillow says. Inventory continues to offer a modest bright spot, with 1.41 million homes for sale nationwide, up 3% from a year ago. Homes took a median of 27 days to go pending in August. That's the same as last year and two days longer than July, according to Zillow.(chris.wack@wsj.com)

0944 ET - Prediction market and exchange Kalshi says the volume of commodities-related contracts traded over the past seven months hit $400 million. That's more than four times the volume that the exchange's crypto offerings had at the same point in their lifecycle, the company says. Kalshi's commodities prediction markets include gold, silver, copper, WTI crude oil, Brent crude, gasoline, and natural gas. The exponential growth means a few things, a spokeswoman for the company says. "This trend highlights not only the huge demand for commodities prediction markets, but also the compounding power of Kalshi's platform," the spokeswoman says. (kirk.maltais@wsj.com)

2324 ET - China continues to rely on exporters to support the economy, says Pinpoint Asset Management economist Zhiwei Zhang in a note. The trade imbalance between China and its trading partners has become a key issue for policymakers, he says. The U.S. government has made clear at the G20 meeting that it is concerned about the issue, he adds. Investors and analysts will watch how the issue is addressed at the U.S.-China summit later this month and at a meeting between Chinese and European policymakers in October, Zhang says. Given the recent appreciation of the Japanese yen and South Korean won, pressure is building for the yuan to appreciate, he adds. That said, the exchange-rate adjustment is likely to be modest this year and have little impact on the trade imbalance, Zhang says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

2226 ET - Iron ore prices are higher in early Asia trade. Near-term demand is expected to improve as steel mills restock ahead of the holiday, says Baocheng Futures analysts in a note. Steel production is stabilizing and ore consumption is ticking up, while weak mill margins limit the strength of the recovery in demand, they say. Chinese port arrivals are rebounding sharply, while miner shipments ease, but both remain relatively high for the year, keeping overall supply ample, they say. The market is likely to remain supported in the near-term by restocking before the holiday, they add. The most actively traded January iron ore contract on the Dalian Commodity Exchange is 0.5% higher at CNY738.0 a ton. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

1835 ET - Ingenia Communities's decision to reject a takeover proposal by Warburg Pincus prompts Citi to assess what its shares could be worth for a deal to happen. Warburg Pincus has offered A$4.75/share in cash, conditional on Ingenia ending plans to acquire Australia-listed Peet. Citi analyst Suraj Nebhani estimates a potential takeover price range of A$6.52-A$6.78/share. The key driver of this is the valuation applied to Ingenia's land lease development pipeline of 8,800 homes at end-June, Citi says. "While we view the takeover offer as a positive surprise, we have previously flagged strong value upside potential in Ingenia's land lease business, especially with strong fundamentals and increasing global capital looking to gain exposure to this asset class given the positive return profile," Citi says.