Approximately 58,000 home purchase agreements were canceled in July, according to new data from the Rocket Companies (NYSE: RKT) division Redfin. The rate of cancelations accounted for 15.3% of homes that went under contract last month, up from 14.5% one year ago....
A pair of new data reports published today are highlighting a growing imbalance across the housing market. A report from the Rocket Companies (NYSE: RKT) division Redfin discovered a considerable slowing the pace of home sales – during July, the typical home that went...
Developers obtained permits to build an average of 12.8 multifamily housing units for every 10,000 people over the past year, according to a new report from Redfin. This is down by 23.1% from an average of 16.7 during the pandemic building boom, and it is also down by...
A Los Angeles estate known as the “Spelling Manor” after its former owner, producer Aaron Spelling, topped the list of July’s most expensive home sales, according to new data from Redfin. The Spelling Manor’s $110 million sale price was far greater than the runner-up...
Homeowners in California and Hawaii are the greatest potential beneficiaries from the elimination of the capital gains tax on home sales, according to a new data report from Redfin. The new report noted that California’s the median home value is $766,896 and the...
Hurricane Isaias Strikes Florida Panhandle as $71.8 Billion in Commercial P…
