Redfin

Falling mortgage rates are driving a surge in buyer interest and mortgage applications, even as home sales remain slow and buyers gain negotiating power amid rising inventory, according to Redfin

Redfin data shows sellers now outnumber buyers by a record 47%, pushing the U.S. housing market deeper into buyer-friendly territory as demand sinks to historic lows

Falling mortgage rates have driven the largest year-over-year drop in monthly housing costs in more than a year, boosting buyer affordability even as market activity remains muted

Pending home sales in December 2025 dropped to their second-lowest level on record as buyers pulled back amid high costs and economic uncertainty, while home prices remained elevated and listings declined

Glenn Kelman to step down after more than 20 years, marking a leadership transition as the brokerage deepens its integration with parent company Rocket Companies

U.S. housing payments have fallen to a two-year low as mortgage rates dip, but seasonal factors and economic uncertainty are keeping buyers and sellers on the sidelines at the outset of 2026