US Home Asking Prices Fall 0.3%, First Annual Decline Since March, Redfin Reports

Rocket-powered Redfin’s Oct. 15, 2026 report showed U.S. asking prices fell 0.3% year over year, the first decline since March. Median sale prices rose 0.5% to $391,116 in the four weeks ended Oct. 11, the slowest growth since March. Pending home sales fell 12.7% year over year, remaining near record lows despite a 1.5% weekly increase. Weekly mortgage rates reached a three-year high of 7.4% on Oct. 8; typical monthly payments totaled $2,777, near record highs. Price cuts reached a record 22% of active listings, while housing supply increased 2% year over year. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via (Ref. ID: DE72726) on October 15, 2026, and is solely responsible for the information contained therein. (C)