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Redfin (RKT) reports U.S. pending home sales fell 2.1% year-over-year in the four weeks ending Nov. 23, 2025, the largest decline in eight months as rising prices and economic uncertainty curb buyer appetite.
Key national metrics: median sale price $393,248 (+2.4%), median asking price $386,973 (+2.5%), weekly average 30-year mortgage rate ~6.23% (near a one-year low), pending sales 73,223, and active listings 1,170,087 (+5.7%).
Rocket Companies (NYSE: RKT) announced that Chief Financial Officer Brian Brown will participate in a fireside chat at the 2025 UBS Global Technology and AI Conference in Scottsdale, Arizona.
The session is scheduled for Wednesday, December 3, 2025 at 12:55 p.m. MT. A live webcast and a replay will be available in the Events & Presentations section of the company's Investor Relations website at ir.rocketcompanies.com.
Redfin (RKT) reports the typical U.S. retail worker earns $34,436 per year, which is 51.6% less than the income needed to afford the typical apartment ($71,172, rent $1,779/month).
The report finds a $36,736 earnings shortfall for the typical retail worker, and estimates an individual would need to work 83 hours/week to afford the typical apartment. Affordability has improved slightly since 2022 because retail wages grew ~3% YoY versus rent growth near 2%. Metro extremes: Cleveland has the smallest shortfall (32.9%), New York the largest (71%). The report uses 2024 wage data and October 2025 rent data.
Redfin reports that West Palm Beach, FL recorded the fastest 10-year luxury home price growth among major U.S. metros: +187.3% to a median $4.04M (Oct 2025 vs Oct 2015). The national luxury median rose 82.5% to $1.28M.
Eight of the top 10 fastest-growing luxury metros are in the Sun Belt. New York showed the smallest 10-year gain among major metros at +15.4%, while San Francisco remained the most expensive luxury market with a median of $6.44M in October.
Redfin (ticker RKT) reports West Palm Beach, FL posted the fastest 10-year luxury home price growth among major U.S. metros: +187.3% to a median of $4.04M (Oct 2025 vs Oct 2015).
The Sun Belt contains 8 of the 10 fastest-growing luxury metros. The U.S. median luxury price rose 82.5% over the decade. New York recorded the smallest decade gain at +15.4%. Data cover rolling three-month periods from October 2015 through October 2025; luxury is defined as the top 5% of metro prices.
Redfin (RKT) found U.S. delistings rose to nearly 85,000 in September, up 28% year‑over‑year and the highest September level in eight years. Stale listings hit 70%, with the typical delisted home on market for 100 days. Active listings were +8% YoY while prices were still +2% YoY. Roughly 15% of delisted homes risked selling at a loss. About 47% of delistings were homes bought within the prior five years. Metro-level swings ranged from a 74.5% rise in Virginia Beach to declines in St. Louis, Nassau County and Chicago.
Redfin (RKT) reports U.S. luxury home prices rose 5.5% year-over-year in October to a median of $1.28M, a record for the month, based on Aug–Oct 2025 rolling data. Non-luxury prices increased 1.8% to $373,249. Luxury prices are growing roughly three times faster than non-luxury prices. Luxury sales rose 2.9% YoY and pending luxury sales rose 2.1%, but closed sales remain near decade-low October levels. Luxury inventory climbed 6.4% YoY to a five-year high; non-luxury inventory rose 9.5% YoY. Typical luxury days on market lengthened to 58 days (six days longer).
Redfin (RKT) reports the median U.S. home-sale price rose 2.3% for the four weeks ending Nov. 16, 2025 — the largest gain in seven months — even as buyer demand stays weak and inventory growth slows.
Key metrics: median sale price $393,411, pending sales 74,407 (-0.8% YoY), active listings 1,182,671 (+6.1% YoY), median days on market 49 (+6 days). Mortgage rates ticked up from recent lows (30-year ~6.24% weekly average).
Price gains are concentrated in Midwest metros (Cincinnati +10.5%, Pittsburgh +9.5%); prices fell in 18 of the 50 largest metros, led by Fort Worth (-3.9%) and Dallas (-3.3%).
Redfin / Rocket (RKT) analysis finds rural U.S. housing affordability worsened fastest through Q3 2025 as home prices surged while incomes lagged. Median rural sale price is $280,900 (up 60.5% since pre-pandemic); the income needed to afford a rural home rose to $74,508 (up 105.8%).
Rural median household income climbed 33.3% to $69,307, smaller than suburban (36.8%) and urban (39.3%) gains. Rural buyers on median income now spend 32.3% of earnings on housing vs 34.6% suburban and 39.5% urban.
Redfin (RKT) reports October 2025 saw an estimated 36.8% more sellers than buyers in the U.S. housing market (528,769 more sellers), the largest gap in records back to 2013. Redfin defines a buyer's market as >10% more sellers than buyers; by that measure the U.S. has been a buyer's market since May 2024 and has exceeded a 30% seller surplus since April 2025.
Estimated buyers fell to 1.44M (down 1.7% MoM) and sellers to 1.97M (down 0.5% MoM). 35 of 50 largest metros were buyer's markets; Sun Belt metros show the strongest seller surpluses while several Northeast metros remain seller-favored. San Francisco moved to balanced market territory.