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-0.0124095139607031 -0.0170630816959668 -0.015511892450879 0.00754912099276116 -0.00413650465356765 -0.00362978283350568 0.0119958634953464 0.0183557394002068
Stock impact report

New Listings Post Sharpest Drop in 2 Years, Tightening Housing Supply

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: Business Wire
Redfin reports would-be home sellers and buyers are retreating, with both new listings and pending sales falling SEATTLE--(BUSINESS WIRE)--New listings of U.S. homes for sale fell 1.7% year over year during the four weeks ending December 7, the biggest decline in over two years. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.Would-be home sellers are pulling back partly because it’s the end of the year, typically a slow season for the housing market, and partly because they’re reacting to lackluster homebuying demand. Pending home sales are down 4.1% from a year ago, the biggest decline in 10 months. The homes that are selling are taking a long time to do so: The typical home that goes under contract is doing so in 51 days, roughly a week longer than last year.Prospective homebuyers have been hesitant for many months, spooked by widespread economic uncertainty and high housing costs. The median home-sale price is up 2%, with prices rising Show less Read more
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