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