Original source text
SEATTLE--(BUSINESS WIRE)--U.S. pending home sales fell 1.3% week over week to their lowest level in three months during the four weeks ending July 19. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. The decline in homebuying demand comes as weekly average mortgage rates rise to a 11-month high of 6.55%. Additionally, home prices are stubbornly high, sitting just about $900 shy of their all-time peak. The topsy turvy U.S. economy, including the resurgen. Live financial news intelligence
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2026-07-23 14:00
2d ago
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2026-07-23 08:00
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Redfin Reports Pending Home Sales Fall to 3-Month Low | FMP Stock News | |
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2026-07-21 13:54
4d ago
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2026-07-21 08:30
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House Hunters Value Clean Air in Their Homes More Than Views and Other Luxuries: Redfin Survey | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--More than one-third (36%) of U.S. house hunters say a “clean” home—one with high-end filtration systems for air, water, etc.—is one of the top three most important features in the next place they live. This is according to a recent survey commissioned by Redfin, the real estate brokerage powered by Rocket.That makes it the most common priority for prospective homebuyers, along with security systems (38% rank that a top-three priority, statistically equal to the 36% for. |
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2026-07-15 13:49
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2026-07-15 09:00
11d ago
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Redfin Partners With The Weather Company to Bring Weather Data to Every Home Listing | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--Redfin (redfin.com), the real estate brokerage powered by Rocket, today announced a partnership with The Weather Company (weathercompany.com), which owns The Weather Channel app and weather.com, to bring local weather data to every for-sale home listing on Redfin. Homebuyers can now view zipcode-level weather metrics directly on home listings, including average temperature, precipitation, snowfall, humidity and UV index, helping them better understand what it's like to. |
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2026-07-15 13:49
10d ago
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2026-07-15 09:30
11d ago
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Redfin Reports Affordable, Inland College Towns Buck National Trends, Seeing Double-Digit Home Price Growth and Fast Sales | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--Home prices are rising by double digits in a handful of affordable, inland cities anchored by universities, according to a new report from Redfin, the real estate brokerage powered by Rocket. Led by Morgantown, WV, Syracuse, NY and Tuscaloosa, AL, home prices in these college towns are rising more than five times faster than the 2% growth home prices saw nationwide in May. This is from a Redfin analysis of MLS data from the three months ending in May 2026 for college t. |
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2026-07-02 14:11
23d ago
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2026-07-02 08:00
24d ago
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Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High | FMP Stock News | |
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Original source text
-Pending home sales increased 0.4% week over week SEATTLE--(BUSINESS WIRE)--The median U.S. housing payment posted its first year-over-year increase since October during the four weeks ending June 28 as home prices and mortgage rates rose. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. Redfin’s analysis is condensed this week due to the July 4th holiday. Leading indicators Indicators of homebuying demand and activity Value (if applicable) Recent change Year-over-year change Source Daily average 30-year fixed mortgage rate 6.54% (June 30) Down from 6.65% one week earlier Down from 6.86% Mortgage News Daily Weekly average 30-year fixed mortgage rate 6.49% (week ending June 25) Up slightly from 6.47% one week earlier Down from 6.77% Freddie Mac Mortgage-purchase applications (seasonally adjusted) Up 1% from a week earlier (as of week ending June 26) Up 3% Mortgage Bankers Association Google searches of “homes for sale” Up about 8% from a month earlier (as of June 29) Up 8% Google Trends Touring activity Up 18% from the start of the year (as of June 29) At this time last year, it was up 32% from the start of 2025 ShowingTime Key housing-market data U.S. highlights: Four weeks ending June 28, 2026 Redfin’s national metrics include data from 900+ U.S. metro areas and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2021. Subject to revision. Four weeks ending June 28, 2026 Year-over-year change Week-over-week change (where applicable) Notes Median sale price $408,838 2.5% Record high Median asking price (seasonally adjusted) $404,414 3.7% Median monthly mortgage payment (seasonally adjusted) $2,633 at a 6.49% mortgage rate 1.4% Pending sales (seasonally adjusted) 324,251 2% 0.4% New listings (seasonally adjusted) 358,736 1.7% 1.1% Active listings (seasonally adjusted) 1,476,146 -0.1% -0.1% Months of supply 3.5 -0.2 pts. 4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions Share of homes off market in two weeks 35.8% Essentially unchanged Median days on market 39 +1 day Share of home listings with price drops 20.2% Down from about 21% Share of homes sold above list price 28.8% Essentially unchanged Average sale-to-list price ratio 99.1% Essentially unchanged Metro-level highlights: Four weeks ending June 28, 2026 Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy. Metros with biggest year-over-year increases Metros with biggest year-over-year decreases Notes Median sale price San Francisco (10.8%) West Palm Beach, FL (10.6%) Pittsburgh (9.1%) Philadelphia (8.7%) Detroit (8.2%) Seattle (-5.3%) San Jose, CA (-4%) Riverside, CA (-1.8%) Portland, OR (-1%) Dallas (-0.6%) Declined in 8 metros Pending sales San Francisco (17%) Austin, TX (14.2%) West Palm Beach, FL (10.9%) Milwaukee (10.8%) Cincinnati (9.5%) Seattle (-14.7%) Houston (-14%) Detroit (-11.3%) Warren, MI (-8.6%) Atlanta (-5.3%) New listings Philadelphia (15.7%) Anaheim, CA (15.2%) St. Louis (12.4%) Pittsburgh (11.9%) Boston (11.4%) Dallas (-11.8%) Fort Worth, TX (-8.2%) Jacksonville, FL (-7.3%) Atlanta (-5%) San Jose, CA (-4.2%) To view the full report, including charts, please visit: https://www.redfin.com/news/housing-market-update-payments-rise-prices-record-high About Redfin Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin’s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent. You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com. More News From Redfin Back to Newsroom |
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2026-06-26 14:30
29d ago
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2026-06-26 08:00
1mo ago
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Americans Across Party Lines Back Policies to Improve Housing Affordability: Redfin Survey | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--Most Americans support government policies that would help make housing more affordable. Roughly four in five (79%) U.S. residents believe there should be tax breaks for first-time homebuyers, and 77% believe there should be policies that make homes more affordable. This is according to a new survey fielded to 4,000 U.S. residents in May 2026 by Ipsos and commissioned by Redfin, the real estate brokerage powered by Rocket. Three-quarters (76%) of U.S. residents say the. |
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2026-06-24 21:50
1mo ago
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2026-06-24 16:17
1mo ago
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Glenn Kelman's next gig: Former Redfin CEO joins venture firm Greylock as executive in residence | FMP Stock News | |
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Real estate industry icon Glenn Kelman has found his next home — professionally, anyway. |
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2026-06-24 16:40
1mo ago
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2026-06-24 09:00
1mo ago
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Redfin Reports Flood-Prone Parts of America Are Losing Residents at Nearly Twice Last Year's Rate | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--Flood-prone America lost far more residents than it gained in 2025, continuing and intensifying a trend that started in 2024, according to a new report from Redfin, the real estate brokerage powered by Rocket.High-flood-risk U.S. counties lost 63,357 more residents than they gained in 2025. That’s nearly double the net outflow from the year before. In 2024—the first time in five years flood-prone counties posted a net outflow—34,099 more people moved out than in. The opposite trend is happening in places at low risk of flooding. Low-flood-risk counties gained 69,857 more people than they lost last year—the biggest gain since 2018. This is based on a Redfin analysis of domestic migration data from the U.S. Census Bureau (excludes immigration) and climate-risk scores from First Street. Redfin defines a high-risk county as one that ranks in the top 10% when it comes to the share of homes facing high flood risk—in other words, counties with 23.7%-99.1% of homes facing high risk. Migration data for 2025 covers July 1, 2024-July 1, 2025. The significant uptick in movement away from flood-prone places suggests that concerns about flooding and climate are beginning to reshape where Americans choose to settle. While high-flood-risk counties are losing residents, lower-risk counties are seeing strong population gains, indicating that more movers may be prioritizing climate resilience and relative safety in their relocation decisions. Several forces are likely driving residents away from flood-prone parts of America: Increasing climate risks. Repeated flooding and stronger storms have increased the physical and financial risks of living in vulnerable communities, particularly in coastal and low-lying regions.Rising cost of homeownership in flood-prone places. Homeowners in high-risk counties are facing rising insurance premiums, higher repair costs and, in some cases, difficulty obtaining or renewing flood coverage altogether. Soaring HOA dues in places that are particularly prone to climate disasters are also a factor.Those pressures have been compounded by the rising cost of homeownership more broadly. Buyers are weighing long-term climate risks when deciding where to move, and many appear to be choosing areas where the threat of flooding—and the costs associated with it—are lower.Reduced community appeal of flood-prone areas. Frequent disasters can also disrupt local economies, damage infrastructure and reduce property values, making flood-prone communities less attractive places to live over time.Destroyed or damaged homes. In some flood-prone counties, thousands of homes have been destroyed or damaged by recent hurricanes, prompting people to move away.Factors other than climate, such as soaring home prices and politics. Soaring housing costs have driven some residents out of flood-prone places. And Redfin agents have said some people who moved to Florida during the pandemic are now leaving because they don’t like the state’s politics.“If you don’t live here and you’re thinking of moving here, hurricane risk is top of mind,” said Kyle Kleinman, a Redfin agent in Miami. “I’ve worked with a lot of house hunters who were searching in Miami from out of town, then they completely backed out. Most of them realized it’s much more expensive to live here than they thought because of flood risk and sky-high insurance premiums. Coupled with high mortgage rates, the expense is through the roof.” Miami Leads List of Flood-Prone Places Losing Residents Miami-Dade County lost 72,254 more residents than it gained last year—the largest net outflow among the flood-prone counties in this analysis. That’s also the largest net outflow on record for the county. Florida counties make up four of the 10 flood-prone places that lost the most residents in 2025: In addition to Miami-Dade, Pinellas (Clearwater and St. Petersburg), Collier (Naples) and Monroe (Key West) counties are on the list. Harris County, TX, home to Houston, had the second-biggest outflow of residents in 2025. It lost 43,377 more residents than it gained. Notably, Orleans Parish, LA (New Orleans) and Jefferson Parish, LA (part of the greater New Orleans area) are both on the top 10 list: They have net outflows of 2,724 and 5,553, respectively. In both of those counties, nearly all (roughly 99%) of homes face high flood risk—the highest shares in the nation. In all but two of these counties, net outflow accelerated in 2025 from 2024. The exceptions are Hudson County, NJ (Jersey City) and Orleans Parish. “Climate risk is becoming a more important factor when Americans weigh the costs and benefits of living in a certain place,” said Daryl Fairweather, Redfin’s chief economist. “Repeated disruptions and damage from extreme weather are making it more expensive—and less predictable—to own homes and live in the most flood-prone parts of the country. It’s becoming more common for natural disasters to cost homeowners money in the form of rising insurance premiums and repairs. When people’s bank accounts take a hit, they’re more likely to genuinely consider living in a less risky place—or reconsider a move to a risky place.” Climate Risk Is a Top Reason Americans Are Moving This Year: Redfin Survey Climate risk is one of the top reasons Americans are looking to move, according to a Redfin survey conducted by Ipsos in May 2026. The survey asked roughly 1,000 U.S. residents with plans to move in the next 12 months about their reasons for moving. Nearly one in six (16%) said “concern for natural disasters or climate risks in my previous area, including heat, drought, flooding, fire, smoke or poor air quality.” Respondents could choose from 29 possible reasons; concern for natural disasters was the fourth-most common reason. The only more commonly cited answers were “want more space,” “upgrade to a better home or neighborhood,” “lower overall cost of living,” and “concern for safety/crime.” Concern for natural disasters ranked higher than every other option, including “to be with or nearer to family” and “move for a new job or job relocation.” Among people planning to move out of state in the next 12 months, one in five (21%) are moving due to concern about natural disasters. That was the second most commonly cited reason; only better weather (22%) surpassed it. And among people who have experienced a climate disaster and plan to move in the next 12 months, 20% are moving because they’re concerned about natural disasters, one of the most common reasons after “upgrade to a better home or neighborhood.” A Look Back: America’s Flood-Prone Counties Have Gone From Attracting Residents to Making Them Think Twice Looking back, America’s flood-prone counties gained residents from 2011, as far back as Redfin’s records go, to 2016. The trend reversed the next year, when flood-prone places started losing residents, partly because 2017 and 2018 were two of the most destructive hurricane seasons in history. Hurricane Harvey in Texas and Hurricanes Irma and Michael in Florida both caused extensive flooding. The next sea change happened in 2020, when the pandemic’s record-low mortgage rates and remote work culture motivated many Americans to move to the Sun Belt, especially Miami and other parts of coastal Florida. From 2020 to 2023, flood-prone areas gained residents. Some Flood-Prone Areas Are Still Gaining More People Than They Are Losing Among the 310 high-flood-risk counties Redfin analyzed, 128 saw more people move out than move in. The remaining 182 high-risk counties experienced net inflows. Many of the high-risk counties that saw net inflows are in Texas or Florida. In St. Johns County, FL (just south of Jacksonville), 12,549 more people moved inthan out in 2025—the biggest net inflow of all the high-risk counties in the analysis. Next comes Fort Bend County, TX (just outside of Houston), with a net inflow of 10,406, followed by Lee County, FL (Fort Myers, Cape Coral), with a net inflow of 8,603. Note that the high-risk counties that gained residents experienced much smaller inflows than the outflows seen by the counties that lost residents. The county with the most outflow, Miami-Dade, lost more 70,000 residents last year, while the county with the biggest inflow, St. Johns, gained 13,000. The flood-prone places that gained residents are also generally more affordable than the places that lost them, and that affordability can outweigh climate risks for residents and people looking to move in. For instance, in three of the counties that lost the most residents—Kings County, NY (Brooklyn), Marin County, CA, and Monroe County, FL (Key West)—the median list price for a home is about $1 million or more. All 10 counties that gained the most residents have median list prices under $500,000. To view the full report, including charts, additional metro-level data and a methodology, please visit: redfin.com/news/climate-migration-real-estate-2026 About Redfin Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin’s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent. You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com. |
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2026-06-24 12:22
1mo ago
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2026-06-22 11:37
1mo ago
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Redfin Reports 46% of Home Sellers Gave Concessions to Buyers in May, the Highest Share on Record For That Month | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--Home sellers gave concessions to buyers in 46.2% of U.S. home sales in May, up from 43.1% a year earlier and the highest share for that month in our records. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Seller concessions are at a record high for spring because it's a buyer's market, with 47% more home sellers than buyers in the U.S. Mortgage rates and home prices are still historically high, and many would-be homebuyers ar. |
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2026-06-12 22:16
1mo ago
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2026-04-15 08:30
3mo ago
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Over One-Third of American Workers Are Delaying or Canceling Major Purchases Due to Job Security Concerns | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--More than one in three (36%) American workers are delaying or canceling a major purchase like a home or car due to their feelings about job security, according to a new survey report from Redfin, the real estate brokerage powered by Rocket. On the flip side, 31% have either already made a major purchase sooner than expected, or plan to due to their feelings about job security. This Redfin survey was conducted by Ipsos between March 9-10, 2026. The nationally representa. |
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2026-06-12 22:16
1mo ago
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2026-04-16 08:00
3mo ago
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Redfin Reports San Francisco Home Prices Jump Most in 8 Years Amid AI Boom | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--The median home sale price in the San Francisco metropolitan area jumped 14.4% year over year in March to a record $1.7 million, according to a new report from Redfin, the real estate brokerage powered by Rocket. That's the largest increase since March 2018 and the biggest gain among the 50 most populous metro areas. San Francisco has now reclaimed its title as the major U.S. metro with the highest home prices, eclipsing neighboring San Jose, which held that title for. |
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2026-06-12 22:16
1mo ago
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2026-04-16 08:30
3mo ago
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Redfin Reports San Francisco Home Prices Jump Most in 8 Years Amid AI Boom | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--The median home sale price in the San Francisco metropolitan area jumped 14.4% year over year in March to a record $1.7 million, according to a new report from Redfin, the real estate brokerage powered by Rocket. That's the largest increase since March 2018 and the biggest gain among the 50 most populous metro areas. San Francisco has now reclaimed its title as the major U.S. metro with the highest home prices, eclipsing neighboring San Jose, which held that title for. |
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2026-06-12 22:16
1mo ago
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2026-04-20 08:00
3mo ago
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Homebuyers Hold the Negotiating Power In 38 Major Metros, Up From 29 Last Year | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--38 of the most populous U.S. metropolitan areas were buyer's markets in March, up from 29 a year earlier. Just five were seller's markets, down from nine in 2025. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Redfin analyzed the 50 most populous metros and included in this analysis the 49 with sufficient data. Redfin defines a market where there are over 10% more sellers than buyers as a buyer's market and a market where the. |
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2026-06-12 22:16
1mo ago
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2026-04-21 08:00
3mo ago
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Redfin Reports U.S. Home Prices Inched Up 0.1% in March | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--U.S. home prices inched up 0.1% month over month in March on a seasonally adjusted basis, the third straight month of the same increase. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Prices rose 1.7% from a year earlier, the slowest year-over-year growth rate in records dating back to 2012. Home-price growth has been slowing since the start of 2025. This is according to the Redfin Home Price Index (RHPI), which uses the repe. |
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2026-06-12 22:16
1mo ago
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2026-04-22 08:30
3mo ago
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More Than 50,000 Home-Purchase Contracts Fell Through in March | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--Nearly 53,000 U.S. home-sale agreements fell through in March, according to a new report from Redfin, the real estate brokerage powered by Rocket. That's equal to 13.4% of homes that went under contract that month—up from 12.5% a year earlier—and tied with 2023 as the highest March share on record aside from 2020, when the uncertainty surrounding the start of the pandemic caused many buyers to back out of deals. This is based on a Redfin analysis of MLS pending-sales d. |
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2026-06-12 22:16
1mo ago
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2026-05-06 08:00
2mo ago
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Land O'Lakes, Florida is Redfin's Hottest Neighborhood of 2026 | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)-- #housingmarket--Land O'Lakes, FL is Redfin's hottest neighborhood of 2026, with nearby Plant City, FL close behind, according to a new report from Redfin, the real estate brokerage powered by Rocket. Oak Creek, WI takes the No. 3 spot. All in all, six of this year's hottest neighborhoods are in the Midwest—the second straight year America's heartland has dominated the list of hottest places for homebuyers and sellers. The suburbs of New York City are also popular with house hunters, w. |
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2026-06-12 22:16
1mo ago
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2026-05-07 08:00
2mo ago
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Redfin Reports Pending Home Sales Hit Highest Level in Nearly 4 Years | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--U.S. pending home sales hit their highest level since September 2022 during the four weeks ending May 3, according to a new report from Redfin, the real estate brokerage powered by Rocket. They rose 7.7% year over year on a seasonally adjusted basis. There are a few reasons homebuyers are coming off the sidelines: Housing costs came down temporarily. The median U.S. housing payment declined 2.2% year over year as mortgage rates ticked down. Rates fell to 6.23% last wee. |
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2026-06-12 22:16
1mo ago
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2026-05-11 08:00
2mo ago
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Sunscore Launches on Redfin to Show Homebuyers How Much Sunlight a Home Gets | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--Redfin (redfin.com), the real estate brokerage powered by Rocket, today launched Sunscore, a property-level score that tells home searchers exactly how much natural light a home receives from 0-100. The launch marks an exclusive U.S. partnership with the developer of Sunscore, Shadowmap, which provides a global interactive 3D map for sun-path visualization, shadow analysis and solar planning. “We know from customer feedback that sunlight is a priority for house hunters. |
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2026-06-12 22:16
1mo ago
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2026-05-11 08:05
2mo ago
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Redfin Survey: U.S. Residents Prioritize Sunlight Over Home Size—and It Affects How Happy They Are at Home | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--Nearly half (44%) of U.S. residents would prefer a smaller home with more sunlight over a larger home with less sunlight, according to a new report from Redfin (redfin.com), the real estate brokerage powered by Rocket. Roughly half as many (24%) would prefer the opposite: A larger, dimmer home over a smaller, brighter home. This is according to a Redfin survey of 1,005 U.S. residents conducted by Ipsos in March 2026. Baby Boomers Care Most About Sunlight Over Square Fo. |
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2026-06-12 22:16
1mo ago
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2026-05-11 11:23
2mo ago
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Let there be light: Redfin powers up ‘Sunscore,' an interactive map to track property sunlight | FMP Stock News | |
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What's it take to be a neighbor with a sunny disposition? |
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2026-06-12 22:16
1mo ago
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2026-05-12 08:00
2mo ago
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Redfin Reports Home Prices Posted the Biggest Increase in Over a Year in April | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--The median U.S. home sale price rose 2.4% year over year—the biggest increase since March 2025—as house hunters came off the sidelines amid a stabilizing job market. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. The April jobs report showed stronger-than-expected hiring, reducing recession risk. This likely helped fuel a pop in housing demand. Pending home sales hit the highest level since February 2023 last month, rising 2%. |
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2026-06-12 22:16
1mo ago
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2026-05-14 10:16
2mo ago
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Rocket Companies Bets on AI and Redfin to Rewire Mortgage Demand | FMP Stock News | |
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RKT is betting on AI automation and Redfin-driven distribution to steady earnings as mortgage demand swings, with servicing scale at the center. |
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2026-06-12 22:16
1mo ago
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2026-05-18 12:00
2mo ago
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Redfin Launches Redfin Early Access, Helping Buyers Find Homes Earlier and Sellers Test the Market With More Confidence | FMP Stock News | |
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-New survey finds 83% of prospective home sellers are interested in premarketing their home before a broad market debut SEATTLE--(BUSINESS WIRE)--Redfin today launched Redfin Early Access, a new search category featuring homes buyers won’t find on other major real estate sites. Redfin Early Access includes homes that are only on Redfin, plus pre-market listings from Compass International Holdings’ portfolio of brands through the companies’ exclusive national partnership. Buyers can now find thousands of Redfin Early Access homes on Redfin.com, giving them an early look at homes they can’t find elsewhere, while helping sellers test pricing and demand before a broader market debut. “A lot of homeowners want to sell, but are not ready to commit to full exposure,” said Redfin Chief of Real Estate Services Jason Aleem. “Giving sellers more control over how they enter the market gives them more confidence. Redfin Early Access lets sellers test the market before going all-in, while giving buyers a first look at homes they won’t find on other major sites. That’s good for sellers, good for buyers and good for a housing market that desperately needs more inventory.” Redfin Early Access listings do not accrue days on market or publicly display price-drop history, giving sellers and agents the ability to test pricing, gauge buyer demand and refine their strategy before listing more broadly. Redfin Early Access listings get premium placement in search results and are denoted by special icons, so buyers know when a home is unique to Redfin. All visitors to Redfin’s site and app can browse Redfin Early Access listings in search results, favorite and share homes, and connect with the listing agent to learn more or schedule a tour. Buyers can save a search on Redfin and get instant notifications for Redfin Early Access listings that match their criteria. Redfin Early Access launches as a Redfin survey finds that 83% of prospective home sellers are interested in listing their home as “coming soon” before a broad market debut. The April survey of 1000 U.S. homeowners suggests many sellers want a lower-pressure way to test the market. Of homeowners who plan to list their home in the future: 84% say greater certainty their home would sell would make them more likely to list 84% say a more private first step is appealing 66% say a clearer sense of what their home would actually sell for would motivate them to list 56% say the ability to test pricing is a benefit of a ‘coming soon’ approach A recent Redfin analysis estimates that giving homeowners more flexibility to test the market could increase housing inventory as much as 12%. Visit https://www.redfin.com/early-access to learn more and discover thousands of Redfin Early Access listings. About Redfin Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin’s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent. You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com. More News From Redfin Back to Newsroom |
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2026-06-12 22:16
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2026-05-19 09:15
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Rocket and Redfin Boost Home Affordability With New Offer, Saving Buyers Up To $20,000 | FMP Stock News | |
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Existing Rocket Mortgage serviced clients can save up to $20,000, while new clients can save up to $12,000 when they buy, sell and finance together DETROIT, May 19, 2026 /PRNewswire/ -- Rocket Mortgage and Redfin, both part of Rocket Companies (NYSE: RKT), today announced the launch of a new offering for eligible homebuyers and sellers to save up to $20,000 on their next home when they buy and sell with a Redfin agent and finance with Rocket Mortgage. The savings are delivered through a combination of lender-paid credits from Rocket Mortgage and commission discount from Redfin. |
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2026-06-12 22:16
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2026-05-21 08:30
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Redfin Reports Home Purchase Cancellations Are No Longer on the Rise As Demand Ticks Up | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--Just over 47,000 U.S. home-sale agreements fell through in April, equal to 13.4% of homes that went under contract that month. That's down incrementally (-0.1 percentage points) from a month earlier, according to a new report from Redfin, the real estate brokerage powered by Rocket. It's also tied with January for the lowest level of contract cancellations since September 2024, though the level has varied by less than half a percentage point over the last year and a ha. |
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2026-06-12 22:16
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2026-05-28 08:30
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Redfin Reports Investor Home Purchases Fall to Lowest Level Since 2020 | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)-- #housingmarket--U.S. investor home purchases fell 6% year over year in the first quarter to their lowest level since 2020, when the start of the pandemic ground homebuying to a halt, according to a new report from Redfin, the real estate brokerage powered by Rocket. Prior to 2020, the last time investors bought so few homes was in 2016. Investor home purchases fell in the first quarter largely because elevated housing costs squeezed potential returns. While mortgage rates were slightl. |
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2026-06-12 22:16
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2026-05-30 08:35
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Can You Retire in Sarasota on $5,500 a Month? Only If These 3 Things Are True. | FMP Stock News | |
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This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.Someone in their late fifties or early sixties is looking at Sarasota, doing the napkin math, and wants to know if $5,500 a month actually works there. Sarasota sits in a strange middle zone: cheaper than Naples, pricier than Ocala, and saddled with a cost structure that has changed meaningfully in recent years. Here is what the budget really has to absorb, and what would have to be true on your balance sheet for it to hold. What $66,000 a Year Actually Buys in Sarasota $5,500 a month is $66,000 a year. Florida overall runs about 3.4% above the national cost-of-living average, and Sarasota sits above the Florida average. The headline savings on income tax are real (Florida ranks 4th nationally on tax competitiveness with no individual income tax), but housing and insurance eat into them. Housing is the swing factor. Zillow (NASDAQ:Z | Z Price Prediction) puts the typical Sarasota home value at around $413,000, down roughly 6% over the past year, while Redfin (NASDAQ:RDFN)’s median sale price runs substantially higher at nearly $686,000. If renting, expect a one-bedroom in the $1,700 range and a two-bedroom around $2,100 to $2,300, depending on location and amenities. A workable monthly budget for a couple, home paid off: Property taxes, HOA, and maintenance reserve: $850 Homeowners and wind insurance: $700 (Sarasota averages roughly $6,826 a year for $300K dwelling coverage) Utilities, internet, phones: $400 Groceries on the USDA moderate plan for two: $850 Healthcare premiums and out-of-pocket for two on Medicare: $850 (standard Part B is $202.90 per person in 2026, plus Medigap, Part D, dental) Transportation, fuel, insurance, vehicle reserve: $550 Dining out, recreation, gifts, travel: $700 Miscellaneous, federal taxes on withdrawals, emergency reserve: $600 That lands at $5,500 with no slack. It works only if the house is yours, the cars are reasonable, and you are disciplined about hurricane-season insurance shopping. The Portfolio Math, With Social Security Doing Real Work The average retired-worker Social Security check was about $2,081 a month in April 2026, and benefits rose 2.8% under the 2026 COLA. For a two-earner couple with average histories, household Social Security lands near $4,160 a month, or roughly $50,000 a year. Subtract that from $66,000 and the portfolio has to generate about $16,000 a year. At a 4% withdrawal rate, that is a $400,000 nest egg. At a more conservative 3.5%, closer to $460,000. With the 10-year Treasury yielding roughly 4.45%, a laddered treasury and dividend-ETF sleeve can carry most of that gap without forcing equity sales in a down year. If you claim at 62 rather than full retirement age, your benefit drops by roughly 30%, and the portfolio has to do dramatically more work. Each year you delay past full retirement age to 70 lifts the check by about 8%, which is the single highest-return move available to most retirees in this scenario. Delaying just one earner’s claim from 67 to 70 can shave $80,000 to $100,000 off the required portfolio. The Insurance Problem to Budget For Most Sarasota retirement math misses this: the budget above assumes homeowners insurance holds near current levels. It will not. Florida’s wind and hurricane insurance market has been the most volatile in the country, with premiums in coastal Sarasota County rising faster than general inflation for several years. Headline CPI is sitting at 2.1% year-over-year, but your insurance line item tracks reinsurance pricing and named-storm frequency, which move on a different cycle than headline inflation. Run a 25-year retirement at 8% annual insurance inflation, and that $700-a-month line becomes the largest item in your budget by your mid-seventies, displacing groceries, travel, and the maintenance reserve. Protective moves are concrete: buy inland of I-75 rather than west of US-41, choose post-2002 construction with wind-mitigation credits, keep the deductible high, and treat any year you can self-insure for wind as found money to bank for the year you cannot. Two Costs That Don’t Show Up in Most Retirement Calculators Condo Assessments: Many retirees choose condos to reduce maintenance, but special assessments can create unexpected costs. Florida’s newer reserve and inspection requirements have led some associations to levy assessments for roofs, concrete repairs, elevators, and other major projects. Before buying, review the association’s reserves and assessment history as carefully as you review the property itself. Healthcare Costs: The budget above assumes relatively stable healthcare spending. In reality, Medicare premiums, Medigap coverage, dental work, hearing aids, long-term care needs, and prescription costs often rise as retirees move through their seventies and eighties. Healthcare inflation rarely arrives in a straight line, but over a 20- to 30-year retirement it can become as important as housing and insurance costs. What Would Have to Be True $5,500 a month in Sarasota works if three things line up: you arrive with the house paid for or close to it, your household Social Security clears roughly $50,000 a year (which usually means at least one spouse delaying past full retirement age), and you hold a portfolio in the $400,000 to $500,000 range invested across treasuries, broad index funds, and dividend ETFs, supporting an initial withdrawal rate near 4%. |
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2026-06-12 22:16
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2026-06-02 08:00
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Redfin Reports the Typical Homebuyer's Down Payment Falls to $64,000 As Americans Hold Onto Cash | FMP Stock News | |
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SEATTLE--(BUSINESS WIRE)--The typical U.S. homebuyer put down $64,000 in March, 1.5% less than a year earlier, according to a new report from Redfin, the real estate brokerage powered by Rocket. In percent terms, the typical homebuyer puts down 15% of a home's purchase price, down from 16.1% a year earlier. These findings are from a Redfin analysis of county records across 40 of the most populous U.S. metropolitan areas. March 2026 is the most recent month for which data is available. Loan type. |
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2026-06-12 22:16
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2026-06-11 08:00
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Record Home Prices, High Mortgage Rates Push Pending Sales Down for Fourth Straight Week | FMP Stock News | |
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-Redfin reports high housing costs and economic instability are driving would-be buyers away SEATTLE--(BUSINESS WIRE)--The median U.S. home-sale price hit a record $400,894 during the four weeks ending June 7, up 1.5% year over year. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. That marks the first time the typical American existing home has sold for over $400,000, according to a Redfin analysis of MLS data. Monthly payments are historically high, too. The typical monthly payment was $2,619, just $8 shy of late May’s 11-month high. Stubbornly high home prices, combined with mortgage rates in the mid-6% range, are propping up monthly housing payments. High housing costs are pushing many would-be homebuyers to the sidelines. Pending home sales fell 0.6% from a week earlier, the fourth straight week of declines. Widespread economic uncertainty is also driving prospective buyers away; many Americans are jittery about the Iran war, inflation and the possibility of a Fed rate hike, among other financial ups and downs. Home prices are rising despite slow homebuying demand. Even though there are more sellers than buyers in the market, new supply is tight enough that prices are staying propped up as some would-be sellers opt to keep their homes off the market as demand slows. The total number of homes for sale was essentially flat week over week, while new listings rose 0.4%. Another reason prices keep rising is that today’s sale prices stem from deals that were negotiated in April and early May, when mortgage rates were lower and demand was a bit stronger. “Crossing the $400,000 threshold is a reminder of how difficult it is to break into homeownership for many Americans—and rising prices of other things is making it even harder,” said Chen Zhao, Redfin’s head of economics research. “There are a few bright spots, though. Price growth has lost some steam over the last month, and prices aren’t rising nearly as fast as they were last year. And the high costs of purchasing a home are keeping many buyers out of the market, which has led to a historic buyer’s market in most of the country. So even though prices are high, in many markets—especially places like Nashville and Austin, which were once red hot—the door is open for buyers to negotiate with sellers, ask for concessions and get the terms they want.” For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page. Leading indicators Indicators of homebuying demand and activity Value (if applicable) Recent change Year-over-year change Source Daily average 30-year fixed mortgage rate 6.67% (June 10) Up from 6.57% a week earlier Down from 6.95% Mortgage News Daily Weekly average 30-year fixed mortgage rate 6.48% (week ending June 4) Down from 6.53% a week earlier Down from 6.85% Freddie Mac Mortgage-purchase applications (seasonally adjusted) Up 7% from a week earlier (as of week ending June 5) Up 4% Mortgage Bankers Association Google searches of “homes for sale” Highest level since July 2025 (as of June 4) Up more than 20% Google Trends Touring activity Up 26% from the start of the year (as of June 4) At this time last year, it was up 40% from the start of 2025 ShowingTime Key housing-market data U.S. highlights: Four weeks ending June 7, 2026 Redfin’s national metrics include data from 900+ U.S. metro areas and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2021. Subject to revision. Four weeks ending June 7, 2026 Year-over-year change Notes Median sale price $400,894 1.5% Median asking price (seasonally adjusted) $402,664 1.3% Median monthly mortgage payment (seasonally adjusted) $2,619 at a 6.48% mortgage rate -1.6% Pending sales (seasonally adjusted) 338,804 4% New listings (seasonally adjusted) 364,759 1.1% Active listings (seasonally adjusted) 1,488,214 0.5% Months of supply 3.3 -0.2 pts. 4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions Share of homes off market in two weeks 37.7% Essentially unchanged Median days on market 39 +1 day Share of home listings with price drops 19.4% Down from about 21% Share of homes sold above list price 28.2% Down from 29% Average sale-to-list price ratio 99% Down slightly Metro-level highlights: Four weeks ending June 7, 2026 Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy. Metros with biggest year-over-year increases Metros with biggest year-over-year decreases Notes Median sale price San Francisco (11.1%) Pittsburgh (9%) Newark, NJ (7.6%) Nassau County, NY (6.7%) St. Louis (6.6%) San Antonio (-3.4%) San Jose, CA (-2.8%) Orlando, FL (-1.5%) Portland, OR (-1.1%) Seattle (-0.9%) Declined in 8 metros Pending sales West Palm Beach, FL (28.8%) San Francisco (28.8%) Milwaukee (14.6%) Austin, TX (12.9%) Boston (11.8%) Houston (-12.8%) Seattle (-12%) Denver (-5.1%) Atlanta (-4%) Tampa, FL (-3.2%) New listings Baltimore (11%) Philadelphia (10.8%) Montgomery County, PA (10.7%) Boston (10.4%) Chicago (8.9%) Dallas (-12.4%) St. Louis (-12.3%) Riverside, CA (-11.6%) Nassau County, NY (-7.4%) Tampa, FL (-6.5%) To view the full report, including charts, please visit: https://www.redfin.com/news/housing-market-update-record-high-home-prices-sales-decline About Redfin Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin’s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent. You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com. More News From Redfin Back to Newsroom |
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