Residential Real Estate
High housing costs and economic uncertainty pushed pending home sales to their lowest level since March
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Real Estate Transactions
Nationwide, home prices grew 0.27% in July, basically flat from 0.28% in June San Francisco, Oakland and West Palm Beach led the nation in price growth, with affluent house hunters—including AI workers—propping up demand Prices fell in parts of the East Coast, Midwest and Texas, with some major buyer's markets seeing the biggest dipsÂ
Personnel Announcements
Watterson brings more than 15 years of executive leadership, investment and capital markets financial services experience to Rocket's Board of Directors.
Children Related News
Where a family lives can change the affordability equation: housing and childcare consume 40% of the typical working family's income in Little Rock, compared with 97% in Los Angeles.That's why Redfin has partnered with childcare marketplace Winnie to bring local childcare information to every for-sale home listing on Redfin.
Surveys Polls And Research
Redfin reports sellers outnumbered buyers by 51% in July—just shy of December's record high—giving buyers more negotiating powerNearly 80% of major U.S. metros are now buyer's markets, led by Miami, Nashville and a trio of Texas cities
Surveys Polls And Research
The housing market is gaining slight momentum as the summer winds down, but demand remains subdued overall
Economic News Trends And Analysis
Near-record home prices, elevated mortgage rates and economic instability drove down U.S. home sales in July
Earnings
Generated Q2'26 total revenue, net of $2.78 billion and adjusted revenue of $2.76 billion.Reported Q2'26 GAAP net income of $229 million and adjusted net income of $441 million.Delivered Q2'26 adjusted EBITDA of $766 million.
Surveys Polls And Research
New listings edged higher, but buyers pulled back as mortgage rates climbed to their highest level in nearly a year
Surveys Polls And Research
The income needed to afford a typical U.S. starter home is down 1.5% from a year ago, marking eight straight months of declines as price growth cools.The median U.S. household now earns about $17,000 more than what's needed to afford a starter home, up from $12,500 a year ago.Austin leads the nation in improving starter-home affordability, while Detroit, Philadelphia and Cleveland are becoming less affordable—though typical local households can still generally afford starter homes.
