Rocket Companies Inc Cl A (RKT)

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Pending home sales fell to the lowest level since 2023 and existing-home sales dropped the most since 2022 as elevated housing costs curbed homebuyer demand

The typical home is taking 67 days to go under contract, the longest span in seven years

Last month’s ultra high-end home sales also included a ranch in Aspen and a beachfront villa in Hawaii

Redfin reports 29% of homebuyers paid with cash in December—the lowest share for that month since 2020

The typical homebuyer put down 15.2% of the purchase price, compared with 16.7% a year earlier

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Single condo owners in Washington, D.C. pay nearly $18,000 per year more than someone sharing the mortgage with their romantic partner; in the Bay Area, the gap exceeds $40,000

The typical home that sells takes 66 days to do so—the longest span in seven years—as buyers take their time looking at their options and negotiating with sellers

Homebuyers need to earn $111,000 annually to afford the median-priced home, compared with $76,000 for renters. The median household income is $86,000. ...