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
Redfin reports record home prices as existing-home sales reached their highest level since 2022
Redfin says a brief drop in mortgage rates lifted pending home sales to a two-month high, but rising rates and tighter inventory could test whether the momentum lasts
South Florida leads the nation in luxury price premiums, while high-end buyers continue to shrug off mortgage rates that are sidelining much of the broader housing market
Redfin survey finds homeowners value the sense of belonging and community that comes with ownership, while buyers gain more negotiating power in today's market
Redfin says luxury home prices climbed 4.7% annually through May, with demand accelerating as high-end buyers remain largely insulated from affordability pressures
The slowdown comes during the traditionally busy spring selling season, while buyers continue to gain negotiating leverage through concessions and inspections