Pending sales of existing homes in the US continued to slide in January as buyers remained unmotivated by lower mortgage rates and slower price increases.

The National Association of Realtors (NAR) pending home sales index unexpectedly fell in January, dropping -0.8% to 70.9, its lowest level in series history.

Sales of existing homes greatly declined in January despite mortgage rates coming down, a report from the National Association of Realtors says.

Frozen temperatures and high home prices snuffed out the sales momentum from previous months.

Existing home sales sank 8.4% last month from December to a seasonally adjusted annual rate of 3.91 million units, the National Association of Realtors said Thursday. That’s the biggest monthly ...

Existing-home sales fell 8.4% in January to a seasonally adjusted annual rate of 3.91 million, according to the National Association of Realtors. S ...

Pending home sales refer to residential properties that are under contract but have not yet closed. This means a buyer has made an offer that the seller has accepted, but the transaction is still ...

In only four cities pending home sales increased this month—something that has not happened since 2023.

WASHINGTON, Feb 12 (Reuters) - U.S. existing home sales tumbled to the lowest level in more than two years in January as ...

WASHINGTON, Feb 19 (Reuters) - Contracts to purchase previously owned U.S. homes unexpectedly fell in January, with realtors blaming low housing inventory. The pending home sales index dropped 0.8% ...