By the Numbers

Redfin data indicates buyers are gaining negotiating power as pending sales cancellations hit the highest level for the month of June since at least 2017.

Fed Gov. Christopher Waller wants the central bank to cut short-term interest rates at its July meeting — and isn’t counting out a second cut later this year.

Housing permits, starts and completions were all down year-over-year in June as rates and material costs remain elevated, continuing a “worrying pattern.”

While some sellers seem to be reacting to the shift toward a buyers market, stubbornly high mortgage rates aren’t making the transition easy for buyers.

Lawrence Yun said this week that home sales could still tick up slightly this year, and if mortgage rates hit 6%, next year could see double-digit growth.

Affordability and lifestyle preferences may be driving home shoppers’ online searches for homes in new locations, Realtor.com data suggests.

Mortgage applications are up, but a rise in rates combined with job loss concerns and tariff uncertainty could kill the momentum.

Homes are spending more time on the market and about 20% of listings are getting price cuts, according to Realtor.com’s latest market trends report.

There has been a significant drop in Canada-based searches for U.S. homes amid escalating tensions between the two countries, Redfin data indicates.

Despite falling mortgage rates and low unemployment, the combination of economic uncertainty and high home prices indicates the market slowdown will continue.

More members of the Federal Reserve are talking about interest rate cuts, with some pushing for action soon and others concerned about tariff impacts.

Many sellers believe they’ll be able to sell their home at or above asking price even as market conditions are shifting, a recent survey found.

Despite continued regional differences, housing affordability was sunnier in 43 of the top 50 markets in April, according to First American’s June report.

Mortgage rates continued to decline in another positive sign for the market. But new listings lost steam in June amid ongoing economic uncertainty.

Activity was down 13.7% from April, pushing new home inventory to nearly 10 months of supply as builders face increasing competition from the resale market.

ATTOM’s midyear review suggested rising inventory could cause home prices to flatten or fall later this year — and that would be good news for sales.

Fed Chair Jerome Powell wouldn’t commit to a July rate cut and reiterated that inflation and labor market shifts will guide the central bank’s decisions.

A rise in retirement-related home sales is creating more inventory and starting to put pressure on high prices in the D.C. area, a Bright MLS survey suggests.

Though there was an uptick in existing home sales as spring progressed, last month was still the slowest for the month of May since 2009.

Remote work, high home prices and the rising cost of living are among the factors driving renters from cities as they search for affordable housing options.