More than 57,000 home-sale agreements were canceled nationwide in June, equal to 14.9% of homes that went under contract that month, according to Redfin, Seattle.
Tag: Redfin
Redfin: Almost One-Quarter of Young Buyers Used Gift or Inheritance in Down Payment
Redfin, Seattle, released a new study finding that 23.8% of Gen Z or millennials who recently bought a home used some form of family money to help fund their down payment.
Redfin: Asking Rents Fell 0.5% Year-Over-Year in June
Redfin, Seattle, reported the median U.S. asking rent fell 0.5% year-over-year to $1,642 in June. That marks the fourth straight month of annual declines.
Redfin Reports Condo Prices See Second-Largest Drop on Record
Redfin, Seattle, found the median U.S. condo sale price fell 2.2% year-over-year to $354,100 in May, the second-largest drop in records dating back to 2012.
Redfin: Value of Homes on the Market Hits Record
Redfin, Seattle, released a new report finding that there are $698 billion in homes currently on the market–the highest dollar amount ever recorded.
Redfin: U.S. Housing Market Seeing Many More Sellers Than Buyers
Redfin, Seattle, reported there are currently 34% more sellers in the market than buyers, the highest gap in data going back to 2013.
Redfin: Average Age of Purchased Home on the Rise
Redfin, Seattle, released a new report finding that the typical house bought in the U.S. hit a record age of 36 years in 2024.
Redfin: Demand for Vacation Homes Falls
Redfin, Seattle, found that the demand for vacation and second homes has dropped to the lowest level in at least six years.
Redfin: Gap Between Asking Price, What Buyers Willing to Pay Creeps Higher
Redfin, Seattle, released a report finding that the prices home sellers are asking for and the prices that homebuyers are paying diverge by $39,000–the largest gap since May 2020.
Redfin: 44% of Sellers Are Giving Concessions
Redfin, Seattle, found home sellers gave concessions to buyers in 44.4% of transactions in the first quarter.