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Pending Home Sales Steady, Yearly Decline Persists

10/31/2025

37 7 Full Breakdown

Summary

Story summary

Pending home sales in the United States were unchanged in September 2025 and were down 0.9% year over year, per the National Association of Realtors.
The Northeast and South rose 3.1% and 1.1%, while the Midwest and West declined.
National Association of Realtors (NAR) Chief Economist Lawrence Yun said contract signings matched the second-strongest pace of the year but have not reached healthy market levels.

History

Historical Context

The U.S. housing market crash began in 2006, following a decade of rapid price increases and risky lending practices. By 2008, home prices had plummeted by 30%, prompting the government to intervene with the $700 billion Troubled Asset Relief Program. The crisis led to widespread foreclosures, affecting millions and contributing to the Great Recession, with long-lasting impacts on the economy.

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Story summary

Pending home sales in the United States were unchanged in September 2025 and were down 0.9% year over year, per the National Association of Realtors.
The Northeast and South rose 3.1% and 1.1%, while the Midwest and West declined.
National Association of Realtors (NAR) Chief Economist Lawrence Yun said contract signings matched the second-strongest pace of the year but have not reached healthy market levels.

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