Housing Market News

14% of Home-Sale Agreements Fell Through Last Month–A Record for February

House hunters have the upper hand, allowing them to abandon deals over price, repairs or second thoughts. Cancellations are most common in Tampa and San Antonio, where there are roughly twice as many sellers as buyers.  More than 42,000 U.S. home-sale agreements fell through in February, equal to 13.7% of homes that went under contract […]

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There Are 630,000 More Home Sellers Than Buyers—the Biggest Gap on Record

When sellers outnumber buyers, the buyers who are in the market have bargaining power. In other words, it’s a buyer’s market. The strongest buyer’s markets are in the South, while the strongest seller’s markets are in the Northeast. There were an estimated 46.3% more home sellers than buyers in the U.S. housing market in February

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February’s $30M+ Home Sales Cluster in Florida and NYC—Including Two in the Same Barrier Island Enclave

Florida and New York dominated February’s ultra-luxury housing market, with oceanfront estates and Central Park condos going for more than $50 million. A never-before-listed oceanfront estate in Manalapan, FL—an ultra-exclusive town on a small barrier island near Palm Beach—was the most expensive U.S. home sale of February 2026, pulling in over $68 million. Just up

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3 in 5 Americans Fear AI Could Replace Jobs, Making it Harder to Afford Homes

Just 30% of Americans believe advances in AI will help boost the economy and help more people afford homes, according to a recent Redfin survey. The majority of both Democrats and Republicans believe AI will make it harder to afford homes.   Nearly two-thirds of Americans say tariffs will cause inflation and keep interest rates high,

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Homebuyers Can Afford to Take Their Time Heading Into Spring 2026

The typical home that went under contract in February spent 66 days on the market—the slowest February pace in a decade. The typical buyer scored 1.8% off the list price—the biggest February discount since 2023; sellers outnumber buyers, giving buyers negotiating power. Pending home sales and new listings both inched down last month, while home

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