{"success":true,"data":{"pressRelease":{"id":"84414","rtpr_id":"nBwbVZyspa","ticker":"RKT","exchange":"NYSE","all_tickers":["RKT"],"title":"U.S. Pending Home Sales Rise to Highest Level in 6 Weeks","author":"Business Wire","published_at":"2026-07-09T12:00:01.779Z","article_body":"U.S. Pending Home Sales Rise to Highest Level in 6 Weeks\n\nRedfin reports pending home sales ticked up as housing payments temporarily\ndipped down\n\nU.S. pending home sales rose 1.3% from a week earlier to their highest level\nsince the first half of May during the four weeks ending July 5. That’s\naccording to a new report\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhousing-market-update-pending-sales-increase-summer-starts&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=report&index=1&md5=ce535580d5c094e6f35783cf79f68a0a)\nfrom Redfin\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=Redfin&index=2&md5=d7129c0bbe1be5c8f04160071baa3274)\n, the real estate brokerage powered by Rocket. This data is seasonally\nadjusted.\n\nHomebuying demand picked up partly because of temporarily declining mortgage\nrates. The weekly average rate dipped to 6.43% on July 2, its lowest level in\nsix weeks, as negotiations between the U.S. and Iran to end the war eased\nfinancial turmoil. That pushed the median monthly housing payment down to\n$2,598, its lowest level in six weeks. The mortgage-rate respite was brief;\nrates have since bounced back up, with the daily average rising to 6.68% on\nJuly 8.\n\nHome-sale prices remain stubbornly high: The median sale price rose 2.2% year\nover year to $408,808, just about $500 shy of the all-time high.\n\nOn the listing side, would-be home sellers haven’t caught up to the recent\nuptick in demand from buyers. New listings fell 2.5% week over week to their\nlowest level since January.\n\n“The housing market is kicking off the summer by showing a bit of\nresilience,” said Chen Zhao\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fauthor%2Fchen-zhao%2F&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=Chen+Zhao&index=3&md5=810fca5a7ef7ae9097d967cf957e721f)\n, Redfin’s head of economics research. “While near-record prices and a\nlack of new listings are keeping many would-be buyers on the sidelines, there\nare enough house hunters hitting the pavement to push pending sales up. If\nthat trend continues, we may get more fresh listings from sellers hoping to\ntake advantage of demand and high prices.”\n\nFor Redfin economists’ takes on the housing market, please visit Redfin’s\n“From Our Economists\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Ffrom-our-economists%2F&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=From+Our+Economists&index=4&md5=27960e8411928d87d9ddf322253378e9)\n” page.\n\nLeading indicators\n Indicators of homebuying demand and activity \n \n \n \n  \n   Value (if applicable) Recent change Year-over-year change Source \n Daily average 30-year fixed mortgage rate 6.68% (July 8) Up from 6.53% one week earlier Down from 6.73% Mortgage News Daily \n Weekly average 30-year fixed mortgage rate 6.43% (week ending July 2) Down from 6.49% one week earlier Down from 6.67% Freddie Mac \n Mortgage-purchase applications (seasonally adjusted)   Down 1% from a week earlier (as of week ending July 3) Up 5% Mortgage Bankers Association \n Google searches of “homes for sale”   Down more than 10% from a month earlier (as of July 5) Down 5% Google Trends \n Touring activity   Up 14% from the start of the year (as of July 5) At this time last year, it was up 31% from the start of 2025 ShowingTime \n\n\nKey housing-market data\n U.S. highlights: Four weeks ending July 5, 2026 \n \n \n \nRedfin’s national metrics include data from 900+ U.S. metro areas and are \n based on homes listed and/or sold during the period. Weekly housing-market \n data goes back through 2021. Subject to revision. \n   Four weeks ending July 5, 2026 Year-over-year change Week-over-week change (where applicable) Notes \n Median sale price $408,808 2.2%     \n Median asking price (seasonally adjusted) $401,029 2.5%     \n Median monthly mortgage payment (seasonally adjusted) $2,598 at a 6.43% mortgage rate 0.6%     \n Pending sales (seasonally adjusted) 337,402 6.3% 1.3%   \n New listings (seasonally adjusted) 354,412 2% -2.5%   \n Active listings (seasonally adjusted) 1,485,211 0.7% -0.7%   \n Months of supply 3.4 -0.2 pts.   4 to 5 months of supply \n (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2Fmethodology%2F%23elementor-toc__heading-anchor-11&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=months+of+supply&index=5&md5=f36d9a6484be499e8126773d58d51c31) \n is considered balanced, with a lower number indicating seller’s market \n conditions \n Share of homes off market in two weeks 34.3% -0.5 pts.     \n Median days on market 40 +1 day     \n Share of home listings with price drops 19.4% -1 pt.     \n Share of homes sold above list price 28.4% Essentially unchanged     \n Average sale-to-list price ratio 99.1% Essentially unchanged     \n\n Metro-level highlights: Four weeks ending July 5, 2026 \n \n \n \nRedfin’s metro-level data includes the 50 most populous U.S. metros. Select \n metros may be excluded from time to time to ensure data accuracy. \n   Metros with biggest year-over-year increases Metros with biggest year-over-year decreases Notes \n Median sale price Pittsburgh (9.2%) San Jose, CA (-6%) Declined in 8 metros \n \n \n \n \nSan Francisco (8.2%) \nSeattle (-4.5%) \n \n \n \n \nWest Palm Beach, FL (7.6%) \nMiami (-2.1%) \n \n \n \n \nPhiladelphia (7.6%) \nDallas (-1.5%) \n \n \n \n \nChicago (6.1%) \nRiverside, CA (-0.4%) \n \n \n \n \n  \n  \n Pending sales Austin, TX (17%) Houston (-12.2%)   \n \n \n \n \nWest Palm Beach, FL (16.6%) \nSeattle (-10%) \n \n \n \n \nBoston (13.4%) \nVirginia Beach, VA (-1.3%) \n \n \n \n \nProvidence, RI (12.8%) \nDenver (-0.8%) \n \n \n \n \nSacramento, CA (12.7%) \nSan Jose, CA (-0.8%) \n \n \n \n \n  \n  \n New listings Anaheim, CA (17.4%) Dallas (-13.2%)   \n \n \n \n \nSt. Louis (16%) \nFort Worth, TX (-12.4%) \n \n \n \n \nPhiladelphia (14.8%) \nAtlanta (-6.8%) \n \n \n \n \nBoston (12.6%) \nJacksonville, FL (-6.3%) \n \n \n \n \nAustin, TX (11.3%) \nMiami (-4.2%) \n \n \n \n  \n \n \n \n  \n\n\nTo view the full report, including charts, please visit:\nhttps://www.redfin.com/news/housing-market-update-pending-sales-increase-summer-starts\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhousing-market-update-pending-sales-increase-summer-starts&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhousing-market-update-pending-sales-increase-summer-starts&index=6&md5=f1297c03d07332d6d224f3efcb2ec94a)\n\nAbout Redfin\n\nRedfin is a technology-driven real estate company with the country's\nmost-visited real estate brokerage website. As part of Rocket Companies (NYSE:\nRKT), Redfin is creating an integrated homeownership platform from search to\nclose to make the dream of homeownership more affordable and accessible for\neveryone. Redfin’s clients can see homes first with on-demand tours, easily\napply for a home loan with Rocket Mortgage, and save thousands in fees while\nworking with a top local agent.\n\nYou can find more information about Redfin and get the latest housing market\ndata and research at https://www.redfin.com/news\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews&index=7&md5=e8da7c709f2a194e3a68d6e16ed6b03a)\n. For more information about Rocket Companies, visit\nhttps://www.rocketcompanies.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rocketcompanies.com%2F&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=https%3A%2F%2Fwww.rocketcompanies.com&index=8&md5=ab6023075dec395794d90f847c100f12)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260709493036/en/\n(https://www.businesswire.com/news/home/20260709493036/en/)\n\nContact Redfin Journalist Services: \n\nTana Kelley\n\npress@redfin.com (mailto:press@redfin.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwbVZyspa","title":"U.S. Pending Home Sales Rise to Highest Level in 6 Weeks","author":"Business Wire","ticker":"RKT","created":"2026-07-09T12:00:01.779Z","tickers":["RKT"],"exchange":"NYSE","article_body":"U.S. Pending Home Sales Rise to Highest Level in 6 Weeks\n\nRedfin reports pending home sales ticked up as housing payments temporarily\ndipped down\n\nU.S. pending home sales rose 1.3% from a week earlier to their highest level\nsince the first half of May during the four weeks ending July 5. That’s\naccording to a new report\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhousing-market-update-pending-sales-increase-summer-starts&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=report&index=1&md5=ce535580d5c094e6f35783cf79f68a0a)\nfrom Redfin\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=Redfin&index=2&md5=d7129c0bbe1be5c8f04160071baa3274)\n, the real estate brokerage powered by Rocket. This data is seasonally\nadjusted.\n\nHomebuying demand picked up partly because of temporarily declining mortgage\nrates. The weekly average rate dipped to 6.43% on July 2, its lowest level in\nsix weeks, as negotiations between the U.S. and Iran to end the war eased\nfinancial turmoil. That pushed the median monthly housing payment down to\n$2,598, its lowest level in six weeks. The mortgage-rate respite was brief;\nrates have since bounced back up, with the daily average rising to 6.68% on\nJuly 8.\n\nHome-sale prices remain stubbornly high: The median sale price rose 2.2% year\nover year to $408,808, just about $500 shy of the all-time high.\n\nOn the listing side, would-be home sellers haven’t caught up to the recent\nuptick in demand from buyers. New listings fell 2.5% week over week to their\nlowest level since January.\n\n“The housing market is kicking off the summer by showing a bit of\nresilience,” said Chen Zhao\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fauthor%2Fchen-zhao%2F&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=Chen+Zhao&index=3&md5=810fca5a7ef7ae9097d967cf957e721f)\n, Redfin’s head of economics research. “While near-record prices and a\nlack of new listings are keeping many would-be buyers on the sidelines, there\nare enough house hunters hitting the pavement to push pending sales up. If\nthat trend continues, we may get more fresh listings from sellers hoping to\ntake advantage of demand and high prices.”\n\nFor Redfin economists’ takes on the housing market, please visit Redfin’s\n“From Our Economists\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Ffrom-our-economists%2F&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=From+Our+Economists&index=4&md5=27960e8411928d87d9ddf322253378e9)\n” page.\n\nLeading indicators\n Indicators of homebuying demand and activity \n \n \n \n  \n   Value (if applicable) Recent change Year-over-year change Source \n Daily average 30-year fixed mortgage rate 6.68% (July 8) Up from 6.53% one week earlier Down from 6.73% Mortgage News Daily \n Weekly average 30-year fixed mortgage rate 6.43% (week ending July 2) Down from 6.49% one week earlier Down from 6.67% Freddie Mac \n Mortgage-purchase applications (seasonally adjusted)   Down 1% from a week earlier (as of week ending July 3) Up 5% Mortgage Bankers Association \n Google searches of “homes for sale”   Down more than 10% from a month earlier (as of July 5) Down 5% Google Trends \n Touring activity   Up 14% from the start of the year (as of July 5) At this time last year, it was up 31% from the start of 2025 ShowingTime \n\n\nKey housing-market data\n U.S. highlights: Four weeks ending July 5, 2026 \n \n \n \nRedfin’s national metrics include data from 900+ U.S. metro areas and are \n based on homes listed and/or sold during the period. Weekly housing-market \n data goes back through 2021. Subject to revision. \n   Four weeks ending July 5, 2026 Year-over-year change Week-over-week change (where applicable) Notes \n Median sale price $408,808 2.2%     \n Median asking price (seasonally adjusted) $401,029 2.5%     \n Median monthly mortgage payment (seasonally adjusted) $2,598 at a 6.43% mortgage rate 0.6%     \n Pending sales (seasonally adjusted) 337,402 6.3% 1.3%   \n New listings (seasonally adjusted) 354,412 2% -2.5%   \n Active listings (seasonally adjusted) 1,485,211 0.7% -0.7%   \n Months of supply 3.4 -0.2 pts.   4 to 5 months of supply \n (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2Fmethodology%2F%23elementor-toc__heading-anchor-11&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=months+of+supply&index=5&md5=f36d9a6484be499e8126773d58d51c31) \n is considered balanced, with a lower number indicating seller’s market \n conditions \n Share of homes off market in two weeks 34.3% -0.5 pts.     \n Median days on market 40 +1 day     \n Share of home listings with price drops 19.4% -1 pt.     \n Share of homes sold above list price 28.4% Essentially unchanged     \n Average sale-to-list price ratio 99.1% Essentially unchanged     \n\n Metro-level highlights: Four weeks ending July 5, 2026 \n \n \n \nRedfin’s metro-level data includes the 50 most populous U.S. metros. Select \n metros may be excluded from time to time to ensure data accuracy. \n   Metros with biggest year-over-year increases Metros with biggest year-over-year decreases Notes \n Median sale price Pittsburgh (9.2%) San Jose, CA (-6%) Declined in 8 metros \n \n \n \n \nSan Francisco (8.2%) \nSeattle (-4.5%) \n \n \n \n \nWest Palm Beach, FL (7.6%) \nMiami (-2.1%) \n \n \n \n \nPhiladelphia (7.6%) \nDallas (-1.5%) \n \n \n \n \nChicago (6.1%) \nRiverside, CA (-0.4%) \n \n \n \n \n  \n  \n Pending sales Austin, TX (17%) Houston (-12.2%)   \n \n \n \n \nWest Palm Beach, FL (16.6%) \nSeattle (-10%) \n \n \n \n \nBoston (13.4%) \nVirginia Beach, VA (-1.3%) \n \n \n \n \nProvidence, RI (12.8%) \nDenver (-0.8%) \n \n \n \n \nSacramento, CA (12.7%) \nSan Jose, CA (-0.8%) \n \n \n \n \n  \n  \n New listings Anaheim, CA (17.4%) Dallas (-13.2%)   \n \n \n \n \nSt. Louis (16%) \nFort Worth, TX (-12.4%) \n \n \n \n \nPhiladelphia (14.8%) \nAtlanta (-6.8%) \n \n \n \n \nBoston (12.6%) \nJacksonville, FL (-6.3%) \n \n \n \n \nAustin, TX (11.3%) \nMiami (-4.2%) \n \n \n \n  \n \n \n \n  \n\n\nTo view the full report, including charts, please visit:\nhttps://www.redfin.com/news/housing-market-update-pending-sales-increase-summer-starts\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhousing-market-update-pending-sales-increase-summer-starts&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhousing-market-update-pending-sales-increase-summer-starts&index=6&md5=f1297c03d07332d6d224f3efcb2ec94a)\n\nAbout Redfin\n\nRedfin is a technology-driven real estate company with the country's\nmost-visited real estate brokerage website. As part of Rocket Companies (NYSE:\nRKT), Redfin is creating an integrated homeownership platform from search to\nclose to make the dream of homeownership more affordable and accessible for\neveryone. Redfin’s clients can see homes first with on-demand tours, easily\napply for a home loan with Rocket Mortgage, and save thousands in fees while\nworking with a top local agent.\n\nYou can find more information about Redfin and get the latest housing market\ndata and research at https://www.redfin.com/news\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews&index=7&md5=e8da7c709f2a194e3a68d6e16ed6b03a)\n. For more information about Rocket Companies, visit\nhttps://www.rocketcompanies.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rocketcompanies.com%2F&esheet=54567719&newsitemid=20260709493036&lan=en-US&anchor=https%3A%2F%2Fwww.rocketcompanies.com&index=8&md5=ab6023075dec395794d90f847c100f12)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260709493036/en/\n(https://www.businesswire.com/news/home/20260709493036/en/)\n\nContact Redfin Journalist Services: \n\nTana Kelley\n\npress@redfin.com (mailto:press@redfin.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-07-09T12:00:01.952026558Z","server_sent_at_ms":1783598401952},"received_at":"2026-07-09T12:00:02.004Z","source_url":"https://www.businesswire.com/news/home/20260709493036/en/"},"analysis":{"id":"73468","press_release_id":"84414","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":[],"eventType":"other","narrative":"Redfin reported that U.S. pending home sales rose 1.3% week-over-week to 337,402, marking the highest level since early May.\n\nThe median sale price increased 2.2% year-over-year to $408,808, while the median monthly mortgage payment temporarily dipped to $2,598 as rates fell to 6.43%.\n\nNew listings declined 2.5% week-over-week to 354,412, maintaining tight supply conditions despite the uptick in buyer demand.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Pending sales rise to 6-week high signals summer resilience in the housing market."},"keyFigures":{"customDimensions":{"new_listings":354412,"pending_sales":337402,"active_listings":1485211,"months_of_supply":3.4,"new_listings_wow":"-2.5%","median_sale_price":408808,"pending_sales_wow":"1.3%","pending_sales_yoy":"6.3%","median_sale_price_yoy":"2.2%","mortgage_rate_daily_avg":"6.68%","mortgage_rate_weekly_avg":"6.43%"}},"quotedText":"“The housing market is kicking off the summer by showing a bit of resilience”","namedEntities":{"people":[{"name":"Chen Zhao","role":"Head of Economics Research"}],"products":[],"companies":[{"name":"Redfin","relationship":"subsidiary"},{"name":"Rocket Companies","ticker":"RKT","relationship":"parent company"}],"dollarAmounts":[{"amount":"$408,808","context":"median sale price"},{"amount":"$2,598","context":"median monthly housing payment"}]},"materialImpact":{"score":1,"reasoning":"Weekly housing market report released by subsidiary Redfin contains no specific financial guidance or material corporate actions regarding parent company RKT. It provides sector context rather than company-specific news."},"tickerRelevance":{"others":[],"primary":"RKT"},"globalImportance":15,"audienceRelevance":40,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"retail_favored","eventGravity":"weekly_market_data","sectorWeight":"real_estate_focus"}},"event_type":"other","event_type_secondary":null,"sentiment":"bullish","material_impact_score":1,"narrative":"Redfin reported that U.S. pending home sales rose 1.3% week-over-week to 337,402, marking the highest level since early May.\n\nThe median sale price increased 2.2% year-over-year to $408,808, while the median monthly mortgage payment temporarily dipped to $2,598 as rates fell to 6.43%.\n\nNew listings declined 2.5% week-over-week to 354,412, maintaining tight supply conditions despite the uptick in buyer demand.","key_figures":{"customDimensions":{"new_listings":354412,"pending_sales":337402,"active_listings":1485211,"months_of_supply":3.4,"new_listings_wow":"-2.5%","median_sale_price":408808,"pending_sales_wow":"1.3%","pending_sales_yoy":"6.3%","median_sale_price_yoy":"2.2%","mortgage_rate_daily_avg":"6.68%","mortgage_rate_weekly_avg":"6.43%"}},"named_entities":{"people":[{"name":"Chen Zhao","role":"Head of Economics Research"}],"products":[],"companies":[{"name":"Redfin","relationship":"subsidiary"},{"name":"Rocket Companies","ticker":"RKT","relationship":"parent company"}],"dollarAmounts":[{"amount":"$408,808","context":"median sale price"},{"amount":"$2,598","context":"median monthly housing payment"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-09T12:12:36.761Z","global_importance":15,"audience_relevance":40,"importance_components":{"tickerTier":"retail_favored","eventGravity":"weekly_market_data","sectorWeight":"real_estate_focus"}},"durationMs":146519,"modelName":"george-droid-qwen-72b"}}