U.S. Pending Home Sales Fall 1.9% to Record Low, Redfin Says
Pending home sales fell 1.9% from a week earlier, reaching their lowest level in records dating back to 2021, according to Redfin. Mortgage rates were in the mid-7% range.
Prospective homebuyers are retreating while mortgage rates remain in the mid-7% range. SEATTLE, Oct. 22, 2026 — Redfin said U.S. pending home sales declined 1.9% from the prior week, reaching their lowest level in records going back to 2021.