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Pending Home Sales

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business1 month ago

Pending Home Sales Collapse Across the U.S. as Midwest Sets Record Low

U.S. pending home sales fell 9.3% in December to a record low, with all four regions down and the Midwest posting the steepest drop to a new regional low. The piece attributes the downturn to the unwind of ultra-low mortgage rates from 2020–22, which inflated prices and locked in homeowners, reducing mobility and transactions for years. The trend shows little improvement and highlights ongoing weakness in the housing market nationwide.

via Wolf Street|
#business#housing-market#midwest
December Pending Home Sales Fall 9.3% Amid Tight Inventory
real-estate1 month ago

December Pending Home Sales Fall 9.3% Amid Tight Inventory

December 2025 pending-home-sales fell 9.3% from November and 3.0% year over year, with declines in all regions (Northeast -11.0% MoM, Midwest -14.9%, South -4.0%, West -13.3%); the South showed a YoY gain of 2.0% while other regions were down. Inventory remained tight at about 1.18 million homes—the lowest level of 2025—despite rising closing activity. NAR Chief Economist Lawrence Yun cautions that seasonality and scarce listings may have dampened demand in the short term, though several metro areas still posted notable YoY gains per Realtor.com Economics.

via nar.realtor|
#housing-market#inventory#lawrence-yun
December Pending Home Sales Fall Sharply Amid Tight Housing Supply
economy1 month ago

December Pending Home Sales Fall Sharply Amid Tight Housing Supply

Pending home sales declined 9.3% in December from November, missing expectations as activity fell across all U.S. regions; year-over-year, sales were higher only in the South. Inventory stood at 1.18 million homes, down 9% from November and at 2025’s lowest level, while the 30-year mortgage hovered around 6.25%. Homes spent about 39 days on the market, up from 35 a year earlier, underscoring the demand weakness amid tight supply.

via CNBC|
#economy#housing-market#inventory
real-estate9 months ago

US Pending Home Sales Fall Sharply Amid Rising Inventories and Mortgage Rates

Pending home sales in the US declined significantly in April across all regions, with the West and South experiencing the steepest drops and inventories reaching five-year highs, indicating a market correction after pandemic-driven price spikes. Despite falling sales, inventories are rising, especially in California, Florida, and Texas, providing better negotiating power for buyers. Mortgage rates have stabilized around 6.89%, but high prices continue to hinder demand, reflecting a market adjusting from pandemic excesses.

via Wolf Street|
#california#housing-market#inventory-surge
US Pending Home Sales Fall 6.3% in April Amid Market Uncertainty
real-estate9 months ago

US Pending Home Sales Fall 6.3% in April Amid Market Uncertainty

Pending home sales in the U.S. declined by 6.3% in April, with all regions experiencing month-over-month losses, highlighting the impact of mortgage rates on the housing market despite increased inventory. Year-over-year, some regions saw slight gains, but overall contract signings remain subdued, emphasizing the importance of lower mortgage rates to boost sales.

via National Association of REALTORS®|
#housing-inventory#housing-market#mortgage-rates
US Pending Home Sales Plummet 7.7% in April Amid High Mortgage Rates
real-estate1 year ago

US Pending Home Sales Plummet 7.7% in April Amid High Mortgage Rates

US pending home sales experienced their largest drop in three years in April, falling 7.7% due to high interest rates, according to the National Association of Realtors. The overall activity level was the lowest since the onset of the COVID-19 pandemic. The Federal Reserve's anticipated rate cuts later this year are expected to improve market conditions.

via Yahoo Finance|
#federal-reserve#interest-rates#national-association-of-realtors
US Pending Home Sales Plummet to Historic Lows Amid Rising Interest Rates
real-estate2 years ago

US Pending Home Sales Plummet to Historic Lows Amid Rising Interest Rates

Pending home sales in the US fell to their lowest level on record in October, declining at a faster rate than during the 2008 housing collapse. The National Association of Realtors reported a 1.5% slump in transactions, bringing the index down to its lowest figure since 2001. Soaring mortgage rates and high house prices have dampened the property market, with limited housing inventory preventing demand from being fully satisfied. However, sales of homes priced above $750,000 saw a spike, and newly built home sales increased due to a rise in construction. Buyers are currently facing one of the least affordable housing markets in recent memory.

via Daily Mail|
#housing-market#mortgage-rates#national-association-of-realtors
US Stocks Split as Inflation Cools, Wall Street Awaits Higher Open
finance2 years ago

US Stocks Split as Inflation Cools, Wall Street Awaits Higher Open

US stocks were mixed as the Dow Jones Industrial Average gained 0.8% while the S&P 500 slipped 0.1% and the Nasdaq Composite fell 0.6%. The release of the Fed's preferred inflation measure, the PCE index, which came in line with expectations, added to the belief that the Fed may cut rates sooner than expected. Oil prices rose as OPEC+ agreed to additional output cuts of 1 million barrels per day. Pending home sales hit a 20-year low due to rising mortgage rates.

via Yahoo Finance|
#finance#inflation#interest-rate-cuts
Record-Low Pending Home Sales Plunge, Surpassing Financial Crisis Levels
real-estate2 years ago

Record-Low Pending Home Sales Plunge, Surpassing Financial Crisis Levels

Pending home sales in the US dropped 1.5% in October, reaching the lowest level since tracking began in 2001, even worse than during the financial crisis. The decline is attributed to high mortgage rates and a limited supply of homes for sale. While recent decreases in mortgage rates may help qualify more buyers, the low housing inventory continues to prevent housing demand from being fully satisfied. Sales fell in all regions except the Northeast, with the steepest decline in the expensive West. Home prices continue to rise, particularly in the high-end market where supply is relatively higher.

via CNBC|
#housing-demand#housing-market#mortgage-rates
US Pending Home Sales Plummet as Mortgage Rates Soar
real-estate2 years ago

US Pending Home Sales Plummet as Mortgage Rates Soar

Pending home sales in the US plummeted by 7.1% in August, a larger decline than expected, as high mortgage rates deterred buyers and sellers. Year over year, pending transactions are down 18.7%. The surge in mortgage rates has diminished the pool of home buyers, causing some to pause and adjust their expectations. Meanwhile, would-be sellers with lower rates are staying put, exacerbating the ongoing inventory shortage. The decline in sales has also contributed to a drop in new home prices. Increased housing inventory and better interest rates are seen as essential to revive the housing market.

via Fox Business|
#home-prices#housing-market#inventory-shortage
August Sees Unexpected Drop in U.S. Pending Home Sales
economy2 years ago

August Sees Unexpected Drop in U.S. Pending Home Sales

Contracts to buy existing homes in the US fell more than expected in August, dropping by the largest margin in nearly a year, as high mortgage rates eroded affordability. The National Association of Realtors' Pending Home Sales Index declined by 7.1%, exceeding economists' forecasts. On a year-over-year basis, pending sales were down 18.7%. The decrease in sales was driven by declining buyer affordability, with average mortgage payments rising by 18% compared to the previous year. The Federal Reserve's campaign to raise interest rates to curb inflation has kept mortgage rates above 7% since early August.

via Reuters|
#affordability#economy#federal-reserve