Redfin

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

Redfin leads and servicing recapture lowered acquisition costs, while Rocket Pro posted a 0.69% margin amid investments in its Compass partnership

Pending sales fell to their lowest level since early April, but lower asking prices and reduced competition give originators more options to structure deals for qualified borrowers

Price cuts and longer listing times are creating opportunities for loan officers to help borrowers negotiate seller concessions, but leverage varies sharply by metro

Vacation-home mortgages rose 4.1% in 2025, led overwhelmingly by affluent borrowers

Redfin’s index rose 3% annually in June, with luxury demand and limited move-in-ready inventory supporting prices despite elevated mortgage rates