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Redfin / Rocket (RKT) reports that 28.8% of U.S. home purchases were all‑cash in August 2025, essentially unchanged from 29% a year earlier.
The median down payment reached a record $70,000 (18.6% of price), up 6.1% year‑over‑year. Cash purchases peaked near 35% in late 2023/early 2024 when mortgage rates were in the high‑7% range and have edged down as rates fell; mortgage rates averaged about 6.5–6.6% in August and later moved to a weekly average of 6.27%.
Metro highlights: highest cash shares in West Palm Beach (43.4%), Cleveland (42.1%) and Miami (39.2%); lowest in Oakland (18.8%), San Jose (19.1%) and Seattle (20.5%). California metros show the largest median down payments (San Jose $408,000; San Francisco $400,000).
Rocket Companies (NYSE: RKT) will announce third quarter 2025 earnings on October 30, 2025. A press release with results will be issued before a leadership conference call at 4:30 p.m. ET on the same day.
Investors can listen via a live webcast in the Events & Presentations section of the company Investor Relations website at ir.rocketcompanies.com. A replay will be available on the Investor Relations site after the event.
Redfin (powered by Rocket, ticker RKT) published its list of September 2025's most expensive U.S. home sales. The top sale was the Green Gables Woodside compound (seven houses, 74 acres) for $85 million. Second was an Aspen property for $58.3 million, and a multi-property Montecito sale including Ellen DeGeneres' former estate closed for $55 million. Four of the top 10 sales were in California and three were in Colorado ski towns. The top three September sales exceeded $50 million, and all 10 exceeded $30 million.
Redfin also ranked year‑to‑date top U.S. sales for 2025, led by a $133 million Naples sale in April; the Woodside September sale enters the 2025 list at #4 with $85 million.
Rocket (Nasdaq: RKT)-powered Redfin reported U.S. housing activity for the four weeks ending Oct. 12, 2025: new listings rose 4.1% YoY while pending sales fell 1.2% YoY. Median sale price was $389,750 (+1.9% YoY) and the typical home sat on the market 48 days (+7 days). Weekly average 30-year mortgage rates were about 6.3%. Leading indicators show mortgage-purchase applications up 20% YoY and Redfin’s Homebuyer Demand Index down about 10% YoY. Metro-level dispersion was wide: Cleveland median price +12% YoY and Tampa pending sales +15.9% YoY, while Seattle pending sales fell 15.2% YoY.
The report highlights rising supply and uneven demand amid economic and shutdown-related job concerns, especially in federal-worker-heavy metros.
Redfin (NYSE:RKT) reports that new U.S. listings rose 2.3% YoY in the four weeks ending Oct 5, 2025, while pending sales fell 1.3% YoY. The typical selling home now takes 48 days to go under contract, seven days longer than last year. Median sale price increased 2.1% YoY, the largest gain in six months. Mortgage rates ticked up to a weekly average of 6.34%, and condo supply shows 72% more sellers than buyers nationwide. The report highlights rising inventory and cooling buyer urgency in many metros.
Rocket (RKT)-related Redfin survey (fielded Oct 3, 2025) finds 17% of Americans are delaying a major purchase like a home or car because of the federal government shutdown and 7% are canceling plans altogether. The majority, 65%, say the shutdown has no impact on their purchase timeline. The nationally representative Ipsos survey polled 1,005 U.S. residents with a credibility interval of ±3.8 percentage points. The release notes roughly 2 million federal workers affected by suspended pay and highlights broader economic unease—mortgage rates remain above pandemic lows and home prices stay high despite slow sales.
Redfin (RKT) reported that roughly 56,000 U.S. home-purchase agreements were canceled in August 2025, equal to 15.1% of contracts that went under contract that month—up from 14.3% a year earlier and the highest August rate in records back to 2017.
Redfin surveyed 443 agents and found 70.4% of cancellations were driven by inspection or repair issues; other causes included buyer financing falling through (27.8%), inability to sell a current home (21%), and seller backing out (11.5%). Metro-level results: Atlanta led at 21%, several Florida metros exceeded 20%, and San Jose had the largest year-over-year uptick (+5.3 percentage points).
Redfin (RKT) reports there were an estimated 72.3% more condo sellers than buyers nationwide in August 2025 (259,638 sellers vs. 150,693 buyers), a fifth straight month above 70% and the strongest condo buyer’s market since records began in 2013 except April 2020.
The typical condo sold for $350,000 (down ~1% YoY). Rising HOA fees, insurance costs, special assessments, and new inspection rules are reducing buyer demand, while investor purchases of condos fell 13% YoY in Q2. Redfin notes increased negotiating power for qualified condo buyers but warns to research HOA costs and potential special assessments.
Redfin (NYSE:RKT) reports a significant shift in the U.S. housing market, with 16.7% of home sellers dropping their asking prices in August 2025, the highest rate for that month since records began in 2012. The typical home sold for 3.8% below asking price, marking the steepest August discount since 2019.
Single-family homes are experiencing the most significant price adjustments, with 18.3% of listings seeing price cuts, compared to 12.8% for condos and 11.5% for townhomes. Among major metros, Denver leads with 31.1% of sellers reducing prices, followed by Indianapolis (30.7%) and San Antonio (28.5%).
The trend reflects a buyer's market dynamic, with sellers outnumbering buyers by over 500,000 in August, the second-largest gap in over a decade.
Redfin (NYSE:RKT) reports a notable shift in the U.S. housing market, with pending home sales declining 1% year-over-year in the four weeks ending September 28, 2025, marking the largest drop in nearly five months. The median home sale price increased 2.5% year-over-year to $390,845, while mortgage rates reversed their downward trend, rising to 6.3% from 6.26%.
The report highlights significant regional variations, with 30 of the 50 largest U.S. metro areas experiencing declining sales, led by Houston (-15.4%), Denver (-12.3%), and Las Vegas (-11.2%). Despite challenges, there are positive indicators: starter home sales increased 4% in August, and buyers maintain strong negotiating power with half a million more sellers than buyers in the market.
The median monthly housing payment reached $2,590, up $40 from September's 9-month low, while total housing inventory growth slowed to 8.4%, the smallest increase since early 2024.