14.9% of pending home sales fell through in June, up from 13.9% a year earlier. Some buyers are backing out during the inspection period because a better home comes along, and some are nervous about making a major purchase in uncertain economic times. Just over 57,000 home-sale agreements nationwide were canceled in June, equal to […]
Sluggish homebuying demand and a pileup of inventory are deterring prospective home sellers, some of whom are opting to rent their homes out instead of sell. Existing-home sales hit a nine-month low as record-high home prices dissuaded buyers. Home sales, prices and listings are holding up relatively well in the Rust Belt, which has attracted […]
The median U.S. asking price posted its smallest increase since the start of 2025 as more sellers come to terms with the reality of today’s buyer’s market. The median U.S. asking price was $407,000 during the four weeks ending July 13, up 2.9% year over year, the smallest increase in over four months. That’s just […]
Nearly one-quarter of Gen Zers and millennials who recently bought a home used either a cash gift from family or an inheritance to help fund their down payment, according to a recent Redfin-commissioned survey. Nearly one-quarter (23.8%) of young Americans who recently bought a home used family money to help fund their down payment, according […]
Pending sales fell 3.5% year over year during the four weeks ending July 6. That was the second biggest decline since early February, trailing only last week’s 4.1% fall. The median U.S. home sale price hit a record $399,633, up 1% year over year. There were some encouraging signs for sellers with mortgage purchase […]
New listings fell 1% year over year during the four weeks ending June 29, the first decline in nearly six months, with would-be sellers taking notice of slow demand. But it’s worth noting that the weekly average mortgage rate fell to 6.67%, its lowest level since early April. We’re taking a break from analysis this […]