{"id":206031,"date":"2026-10-20T10:06:43","date_gmt":"2026-10-20T17:06:43","guid":{"rendered":"https:\/\/new.thepinetree.net\/?p=206031"},"modified":"2026-10-20T10:06:43","modified_gmt":"2026-10-20T17:06:43","slug":"pending-home-sales-decreased-7-3-in-september","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=206031","title":{"rendered":"Pending Home Sales Decreased 7.3% in September"},"content":{"rendered":"

Washington, DC…Pending home sales in September decreased by 7.3% month-over-month and 11.3% year-over-year, according to the National Association of REALTORS\u00ae<\/sup> Pending Home Sales report<\/a>. The report helps the real estate ecosystem\u2014including agents, homebuyers and sellers\u2014better understand the housing market by providing data on the level of home sales under contract.<\/p>\n

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Month-over-month pending home sales declined in all four major U.S. regions. The West had the largest decrease, followed by the South, Midwest and Northeast. Year-over-year pending home sales also declined in all four regions.<\/p>\n

\u201cMarket conditions weakened in September due to fast-rising mortgage rates,\u201d said NAR Chief Economist Dr. Lawrence Yun. \u201cAlthough job growth and income gains can support home purchases, housing affordability is more affected by changes in mortgage rates.\u201d<\/p>\n

\u201cGiven that mortgage rates have already risen much more than the Federal Reserve\u2019s short-term interest rate hikes, mortgage rates could be topping out,\u201d Yun said. \u201cHowever, increasing energy prices and the resulting inflationary pressure are highly uncertain.\u201d<\/p>\n

\u201cDespite the difficulty of obtaining a mortgage, the limited number of distressed properties is ensuring steady home prices,\u201d Yun added. \u201cBuyers and sellers may simply be holding back until mortgage rates move favorably.\u201d<\/p>\n

September 2026 National Pending Home Sales<\/h2>\n