Rocket Mortgage - Team Tempe

08/11/2026

Under a new bill gaining support in Congress, the tax-free profit limit on a home sale could double to $500K for single filers and $1 million for couples.

08/11/2026

08/07/2026

New mortgage rules from Fannie Mae and Freddie Mac now require a full review for all condo loans, eliminating a faster process previously used for up to 40% of purchases.

07/31/2026

The number of U.S. homes sold to international buyers fell 14% year over year, reaching the second-lowest transaction level recorded since 2009

07/19/2026

Whether you want to buy or refi, Rocket Mortgage can help you finance your home. Compare home loan options and apply online today.

07/18/2026

Whether you want to buy or refi, Rocket Mortgage can help you finance your home. Compare home loan options and apply online today.

07/11/2026

06/27/2026

Sellers have been in control of this housing market since 2020.

That just changed.

55% of home sales are closing below list price and the gap between asking and closing is widening.

Here's what's actually happening and what it means if you're thinking about buying or selling right now.

For three years, buyers had almost no leverage. Homes were selling above asking in days. Waived inspections. Escalation clauses. Cash offers from investors outbidding everyone.

The market was brutal for anyone who didn't already own property.

Then the math shifted.

Mortgage rates climbed from 3% to over 6.5%. Monthly payments on the same home nearly doubled. Buyer demand pulled back hard. Inventory started building.

And sellers who priced their homes based on 2022 peak values started sitting on the market longer than they expected.

Now the data is showing what happens when a market corrects.

55% of home sales are closing below the original list price. One third of all active listings have already cut their price at least once. Well priced homes are selling in about 63 days.

Overpriced homes are sitting at 121 days. That 58 day gap is the entire story of today's market told in two numbers.

And here's what this means practically.

If you're a buyer, you have negotiating power you didn't have two years ago. Price reductions, seller concessions, closing cost credits, inspection contingencies back on the table.

The buyers who understand the market right now are getting deals that would have been laughed at in 2021.

If you're a seller, the market is still telling you something loud and clear. Overpriced homes are not selling. They're sitting. And every week a home sits on the market, buyers assume something is wrong with it.

The sellers winning right now are the ones who priced correctly from day one and didn't chase the 2022 peak.

28 of America's 53 largest metros are already seeing year over year price declines. The Sun Belt markets that led the boom are now leading the correction. Cape Coral is down 9.6%. Austin is down over 20% from its peak.

Meanwhile Midwest markets like Kansas City, Cleveland, and Pittsburgh are still holding or growing.

This is not one national housing market.

It's dozens of local markets moving in completely different directions at the same time.

The buyers who win in this environment are the ones who understand exactly which market they're in and what the data says about where it's heading.

The sellers who win are the ones who price for the market they're in, not the one they remember from three years ago.

06/22/2026

More than 4.2 million homeowners who took out mortgages between 2022 and 2025 could save over $1,000 a year by refinancing if rates fall to 6%, but experts warn that acting before a rate drop rush is critical to getting lender attention.