Redfin Reports Pending Home Sales Post First Decline in 3 Months, Even As Mortgage Rates Drop
Pending U.S. home sales dipped roughly 1% from a year earlier during the four weeks ending September 21, the first decline in nearly three months, according to a new report from Redfin, the real estate brokerage powered by Rocket.
Rick Caruso’s Former Estate Sells for $48 Million, the Most Expensive Home Sale in August
A Beverly Hills estate previously owned by billionaire real estate magnate and 2022 Los Angeles mayoral candidate Rick Caruso was the most expensive home sale of August, fetching $48 million. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. It’s followed by a new-construction mansion in Greenwich, CT, which fetched $44 million.
Redfin Reports U.S. Home Prices Ticked Up 0.2% in August
U.S. home prices rose 0.2% from a month earlier in August on a seasonally adjusted basis, up slightly from the 0.0% monthly growth rate posted in July. August marks the first time since January that the rate of home-price growth increased compared to the prior month, according to a new report from Redfin, the real estate brokerage powered by Rocket.
Redfin Reports Summer 2025 Was the Strongest Buyer’s Market in Records Dating Back Over a Decade
There were an estimated 35.2% more home sellers than buyers in the U.S. housing market in August (or 505,915 more, in numerical terms). This is according to a new report from Redfin, the real estate brokerage powered by Rocket. June 2025 is the only month in records dating back 2013 when sellers outnumbered buyers by a greater percentage—36.3%. In other words, this summer was the strongest buyer’s market on record.
Housing Supply Drops Most in 2 Years as Sluggish Demand Spooks Sellers
Active listings of homes for sale fell 1.4% month over month in August—the largest seasonally-adjusted decline since June 2023, according to a new report from Redfin, the real estate brokerage powered by Rocket. They rose 9.7% from a year earlier—the smallest year-over-year increase since March 2024.
Homeowners in New York, California and Other Coastal States Could Shave Thousands Off Their Annual Tax Bill with SALT Cap Increase
The typical New York homeowner impacted by the raised state and local tax (SALT) deduction cap could save more than $7,000 a year—the highest of any state. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
With Mortgage Rates Declining, Homebuyers Must Decide: Buy Now With Little Competition, Or Bet on Rates Falling More?
The median U.S. home-sale price rose 2.2% year over year during the four weeks ending September 14, the biggest increase in five months. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
Redfin Reports New Apartments Are Increasingly Likely to Get Snapped Up Quickly as Construction Slows
Roughly half (48%) of newly built apartments completed in the first quarter of 2025 were rented within three months, according to a new report from Redfin, the real estate brokerage powered by Rocket. That is up from 47% in the fourth quarter of 2024 and 46% the quarter before that.
The Most Expensive College Towns in the Nation Have One Thing in Common: They’re on the Beach
Santa Barbara, CA, is the most expensive college town in the U.S., according to a new report from Redfin, the real estate brokerage powered by Rocket. Santa Barbara’s median home-sale price is nearly $2 million, more than double the next-most expensive college town.
Redfin Reports Lower Mortgage Rates Trim Hundreds off Monthly Payments, yet Homebuyers Are Still Cautious
Declining mortgage rates are one factor pushing the median U.S. monthly mortgage payment down to $2,604, more than $200 below May’s all-time high. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
Redfin Reports The Number of Canadians Searching For U.S. Homes Is Down 20% From Last Year
The number of Canadian Redfin.com users searching for homes to buy or rent in the U.S. dropped 19.5% year over year in August, according to a new report from Redfin, the real estate brokerage powered by Rocket. For comparison, the total number of prospective buyers and renters searching on Redfin.com declined, too, but by a fraction of the amount.
Redfin Reports U.S. Asking Rents Rise Most Since 2022 As Apartment Construction Slows
The median U.S. asking rent rose 2.6% ($45) year over year to $1,790 in August—the largest increase since December 2022. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. It’s now just $70 below the record high hit in the summer of 2022.
Black Homeownership Rate Drops to Lowest Level Since 2021
The Black homeownership rate fell to 43.9% in the second quarter—the lowest level since the fourth quarter of 2021, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s down from 45.3% a year earlier, marking the largest year-over-year decline since the third quarter of 2021.
U.S. Investor Home Purchases Fell 6% in the Second Quarter, the Biggest Decline Since 2023
U.S. real estate investors purchased roughly 52,000 homes in the second quarter, the lowest level for that time of year since 2020, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s down 6% from a year earlier, the biggest drop since the fourth quarter of 2023.
Redfin Reports Cheaper Mortgage Payments Bring a Trickle, Not a Surge, of Homebuying Demand
Declining mortgage rates have pushed the median U.S. monthly housing payment down to $2,593, the lowest level since January, according to a new report from Redfin, the real estate brokerage powered by Rocket. The weekly average mortgage rate has ticked down to 6.56%, the lowest level in nearly a year.
Redfin Reports U.S. Homeowner Population Stops Growing for First Time in Nearly a Decade
The number of homeowner households in America fell 0.1% year over year to an estimated 86.2 million in the second quarter, according to a new report from Redfin, the real estate brokerage powered by Rocket. While that’s a marginal decline, it’s the first since 2016.
In Vacation Towns, Home Sales Are Falling and Prices Are Stagnating
The number of homes sold in seasonal towns, those where vacation demand drives the housing market, fell 3% year over year in July, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s compared to a 1% decline in non-seasonal towns.
Redfin Reports U.S. Housing Costs to Return to ‘Normal’ by 2030 With Stable Price Growth and Moderately Lower Rates
Housing costs could return to “normal” by 2030 if home-price growth stabilizes and mortgage rates fall to 5.5%, according to a new report from Redfin, the real estate brokerage powered by Rocket.
Las Vegas Housing Supply Rises 31% As Demand Stumbles, Pushing Sale Prices Down Slightly
The total number of homes for sale in Las Vegas rose 31% year over year in July, the biggest increase of any major U.S. metro area and roughly triple the national increase. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. That marks a year straight of 20%-plus inventory increases for Las Vegas.
Redfin Reports Pending Home Sales Rise 2% as Mortgage Rates Sit at Lowest Level in 10 Months
Falling mortgage rates have pushed the median U.S. monthly mortgage payment down to $2,616, its lowest level since the start of the year, according to a new report from Redfin, the real estate brokerage powered by Rocket. The weekly average mortgage rate is sitting at 6.58%, its lowest level in 10 months.
Redfin Reports Homebuyers Have Been Retreating, and Now Sellers Are Too
The U.S. housing market has lost about 14,000 home sellers over the past two months, with the total number of sellers falling to 1.95 million in July from a peak of 1.96 million in May. This is according to a new report from Redfin, the real estate brokerage powered by Rocket. This marks the first decline since July 2023, when the supply of homes for sale bottomed out near a historic low as rising mortgage rates made homeowners reluctant to sell.
Redfin Reports the Mortgage Spread Has Dropped to a 3-Year Low. That’s Good News for Homebuyers and Refinancers.
The gap between 10-year treasury yields and mortgage rates (known as the mortgage spread) has dropped to its lowest level in over three years, allowing mortgage rates to fall more than treasury yields. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
CORRECTING and REPLACING Two in Five American Workers are Delaying or Canceling a Major Purchase Like a Home or Car Due to Feelings About Job Security
Please replace the release dated Aug. 21, 2025 with the following corrected version due to multiple revisions, and replace the graphic with the accompanying corrected graphic.
Redfin Survey: Struggling Young Renters Forego Restaurants, Skip Meals to Afford Rent
Seven in 10 Gen Z and millennial renters struggle to afford their regular housing payments, as do 41% of homeowners in that age group, according to a new report from Redfin, the real estate brokerage powered by Rocket.
Redfin Reports Home Purchases Are Getting Canceled at a Record Rate
Roughly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract last month, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s up from 14.5% a year earlier and marks the highest July rate in records dating back to 2017.
