Redfin

Redfin reports a record seller surplus and the highest contract cancellation share since early 2020, leaving loan officers with fewer purchase opportunities despite buyers’ growing negotiating power

Thirty-one of the 100 largest markets posted three-month price declines in August, even as national prices remained above year-earlier levels

Redfin counted 58% more sellers than buyers in August, but national home prices still increased as equity-rich owners resisted steep discounts

Former Intuit executive succeeds interim CEO Varun Krishna as Rocket pushes deeper integration across home search, brokerage, mortgage, closing, and servicing

Pending sales fell to a six-month low as inventory increased, giving originators more room to use seller concessions to make difficult purchase deals work

July sales declined 4.1% as affordability squeezed buyers nationally, builder competition slowed Texas markets, and job insecurity weakened demand in Seattle