The Atlanta-based fintech Knock has unveiled Knock Bridge Loan Plus, a new product designed to pay off a homeowner’s existing mortgage upfront. According to the company, the product can pay off the homeowner’s current mortgage and release the equity locked up in their...
The typical luxury home sold for $1.26 million in September, up 4.8% from one year earlier to set a new record high for the month. According to data from Redfin, the sales of luxury homes is occurring at more than twice the pace of price growth for non-luxury homes,...
Existing home sales increased by 1.5% month-over-month and by 4.1% year-over-year in September, totaling 1.55 million units sold, according to the new data from the National Association of Realtors (NAR). Last month saw a 4.6-month supply of unsold inventory,...
Roughly 53,000 home purchase agreements were canceled in September, according to a data report from Redfin. The level of cancelations equals 15% of homes that went under contract last month, up from 13.6% in September 2024. Florida and Texas led the nation with...
Only one-quarter of homes sold in September (25.3%) went for more than their final list price, according to data from Redfin. That share is down from 28.5% one year earlier and marked the lowest September level in six years. September’s average sale-to-list-price...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
