SEATTLE--(BUSINESS WIRE)--U.S. pending home sales fell 5.8% from a year earlier during the four weeks ending December 14, the biggest decline since the start of 2025. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. On a metro level, pending sales declined in all but six of the 50 most populous U.S. metro areas, with the biggest drops in San Jose, CA (-35.1% year over year), Houston (-20.9%), and Oakland, CA (-17.6%). The typical U.S. home that does sel. ...

Core Insights - Sun Communities reported a revenue of $697.2 million for Q3 2025, reflecting a year-over-year decline of 25.8% and an EPS of $2.28, slightly down from $2.31 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $706.57 million, resulting in a surprise of -1.33%, while the EPS exceeded expectations by 4.59% [1] Revenue Breakdown - Real property revenues (excluding transient) were $384.2 million, down 20.9% year-over-year, and above the average estimate of $360.71 million [4] - Real property revenues (transient) reached $133.5 million, a decline of 10% year-over-year, compared to the estimated $122.01 million [4] - Brokerage commissions and other net revenues were $5.8 million, significantly lower than the estimated $11.78 million, marking a 34.1% year-over-year decrease [4] - Interest revenues surged to $17.3 million, exceeding the estimate of $17.09 million, with a remarkable year-over-year increase of 214.6% [4] - Home sales revenues totaled $95.6 million, slightly below the estimated $96.4 million, representing a 9.2% decline year-over-year [4] Stock Performance - Over the past month, shares of Sun Communities have returned -5.1%, contrasting with the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Sun Communities reported a revenue of $623.5 million for the quarter ended June 2025, reflecting a decrease of 27.8% year-over-year, while EPS was $1.76 compared to $0.42 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $618.9 million by 0.74%, and the EPS also surpassed the consensus estimate of $1.67 by 5.39% [1] Revenue Breakdown - Real property revenues (excluding transient) were $368.8 million, exceeding the average estimate of $350.97 million, but down 20.2% year-over-year [4] - Real property revenues (transient) reached $81.4 million, above the average estimate of $76.22 million, with an 8.6% decline compared to the previous year [4] - Brokerage commissions and other net revenues were $14.6 million, surpassing the average estimate of $10.5 million, marking a year-over-year increase of 30.4% [4] - Service, retail, dining, and entertainment revenues totaled $54.8 million, exceeding the average estimate of $43.69 million, but showing a significant decline of 70.9% year-over-year [4] - Interest revenues were $16.5 million, below the average estimate of $19.31 million, yet reflecting a substantial increase of 211.3% year-over-year [4] - Home sales revenues amounted to $100.1 million, exceeding the average estimate of $94.33 million, with a 6.9% decline compared to the year-ago quarter [4] Stock Performance - Over the past month, shares of Sun Communities have returned -6.3%, contrasting with the Zacks S&P 500 composite's increase of 3.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]