Main Content

Home » Blog

Blog

Home Purchases Are Getting Canceled at a Record Rate

15% of home purchases fell through last month—the highest July rate on record—as high homebuying costs made buyers skittish. Cancellations were most common in Texas and Florida. Roughly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract last month, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s up from 14.5% a year earlier and marks the highest July rate in records dating back to 2017. Thi...

Read more

Home Prices Tick Down 0.1% in July, Fall in 39 of the Top 50 U.S. Metros

This is the third consecutive month of home price declines U.S. home prices nudged 0.1% lower in July on a seasonally adjusted basis—the third consecutive month that prices posted a monthly decline. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. On a year-over-year basis, price growth slowed to 2.9%, the lowest rate recorded in Redfin Home Price Index (RHPI) data going back to 2012. This is according to the Redfin Home Price Index (RHPI), which use...

Read more

3rd Most Expensive Market Nationally, But Buyers and Sellers Are Still Finding Opportunities

Bay Area homebuyers are seeing more favorable market conditions than they have in years even as the region maintains its position as a premier destination for homeownership, according to new data from the National Association of Realtors® (NAR) based on existing home sales and includes single-family homes, townhomes, and condominiums. The San Francisco-Oakland-Hayward metropolitan area recorded a median existing home price of $1.4 million in the second quarter of 2025, representing a stabilizin...

Read more

Understanding the Timeline of Selling a Home

Thinking about selling your home — or already made the decision? While getting a signed contract may seem like the finish line, it’s just one milestone in a multistep journey. From preparing your home to finalizing paperwork at closing, numerous steps are involved in a successful sale. This guide outlines each key step, including timing and strategies to avoid delays, so you can go from “for sale” to “sold” with confidence. Step 1: Research the market If you have the flexibility to c...

Read more

Tariffs and Rising Construction Costs Could Signal Trouble Ahead For Rents, Despite Two Years of Price Declines

The impact is being felt across the country as the Midwest saw the steepest annual drop in completions, followed by the South. Rent prices declined for the 24th month in a row in July, marking a full two years of easing rental pressure in the U.S. rental market. At the same time, a growing pullback in multifamily development driven by rising construction costs and new tariffs on key materials like aluminum and steel is signaling potential trouble ahead for future rental supply, according to the ...

Read more

Milwaukee Is Holding up Better Than Any Other Major U.S. Housing Market

The majority of America’s most resilient housing markets are located in the Rust Belt and are seeing an increase in home sales and prices Milwaukee is holding up better than any other major U.S. housing market, with home sales up 12% year over year, prices up 8.2%, and the typical seller fetching more than their list price. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. After Milwaukee comes another Midwest hub: Chicago, which in addition to risin...

Read more

Americans Have $34.5 Trillion in Home Equity [LendingTree Study]

Homeowners are sitting on tens of trillions of dollars of home equity. In fact, home equity has jumped $600 billion from Q1 2024 — and that could unlock significantly higher home equity loan offers for some.  To better understand how much money homeowners are looking to borrow against their equity, we analyzed 700,000 home equity loans offered to users of the LendingTree platform across the nation’s 50 states from January to May of this year. Here's what we found. American households h...

Read more

California, Hawaii and Massachusetts Have the Highest Share of Homeowners Who Would Benefit if Capital Gains Tax is Eliminated

More than one in four (25.9%) U.S. homes have gained at least $250,000 in value since the last time they were purchased, while 8% have gained more than $500,000. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. These are the upper and lower bounds of the potential share of homeowners who stand to benefit if the tax on capital gains from a home sale is eliminated—an idea currently being floated by President Trump and U.S. lawmakers. Of the homes which...

Read more

Redfin Integrates CubiCasa Floor Plans to Enhance Home Search

Redfin is the first major real estate website to incorporate CubiCasa’s interactive floor plans into consumer search experience Redfin is the first major real estate search site to integrate CubiCasa’s interactive floor plans into the home search experience, supporting a shared goal of helping consumers make informed buying decisions. Floor plans consistently rank as one of the most desired digital assets on a home listing, according to the National Association of Realtors. "A home’s layou...

Read more

CONTACT US

Got any questions? Get in touch