
Pending Home Sales Post Record Drop in October as Deal Cancellations, Price Cuts Hit Record High
The historic slowdown may ease in the coming months if inflation continues to cool. Pending home sales fell the most on record in October and
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.

The historic slowdown may ease in the coming months if inflation continues to cool. Pending home sales fell the most on record in October and

Eleven major U.S. metros saw rents decline, with the largest drops in Milwaukee, Minneapolis and Baltimore. The median U.S. asking rent in October rose 7.8%

The inflation rate in Phoenix, which attracted scores of out-of-town homebuyers during the pandemic, is more than double the inflation rate in the Bay Area,

New construction is taking up a growing piece of the housing inventory pie as scores of homes built during the pandemic go up for sale

One-third of homeowners have spent $5,000 or more to make their homes more resilient to climate risk. Overall, extreme temperatures are the most common climate

Cape Coral saw pending sales sink 58%—nearly double the national decline—while Naples and North Port saw similar drops. New listings also slumped in all three

The historic slowdown may ease in the coming months if inflation continues to cool. Pending home sales fell the most on record in October and

Eleven major U.S. metros saw rents decline, with the largest drops in Milwaukee, Minneapolis and Baltimore. The median U.S. asking rent in October rose 7.8%

The inflation rate in Phoenix, which attracted scores of out-of-town homebuyers during the pandemic, is more than double the inflation rate in the Bay Area,

New construction is taking up a growing piece of the housing inventory pie as scores of homes built during the pandemic go up for sale

One-third of homeowners have spent $5,000 or more to make their homes more resilient to climate risk. Overall, extreme temperatures are the most common climate

Cape Coral saw pending sales sink 58%—nearly double the national decline—while Naples and North Port saw similar drops. New listings also slumped in all three