Roughly 56,000 home purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month, according to a new data report from Redfin. This is up from 14.3% one year earlier and marked the highest August rate in records dating back...
Nearly one in three homes sold in the first half of this year were purchased in all-cash transactions, according to a new data report from Realtor.com. Nationwide, 32.8% of home sales in the first year’s first six months were all-cash transactions, down slightly from...
Home affordability has reached its best level since early 2023 thanks to easing mortgage rates, according to ICE Mortgage Technology’s October ICE Mortgage Monitor Report. The new report cited 30-year mortgage rates averaging 6.26% in mid-September while the monthly...
President Trump announced that he is beginning a campaign to encourage the nation’s homebuilders to create more residences. In a post on Truth Social, Trump stated, “Before I became President, ‘OPEC’ kept Oil prices high. It wasn’t right for them to do that but, in a...
A new data report by the Rocket Companies (NYSE: RKT) division Redfin has determined there were an estimated 72.3% more condo sellers than buyers (108,945 more) nationwide during August. This marked the fifth straight month in which there have been at least 70% more...
Rent Discounts Spread to 43.5% of Listings as Apartment Owners Fight for Te…
