Story perspectives

Pending Home Sales Plummet 9.3% Amid Housing Uncertainty

1/21/2026

49 6

Summary

Story summary

Pending home sales in the United States fell 9.3% in December 2025, the largest drop since April 2020, according to the National Association of Realtors.
Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), said the housing sector remains uncertain, with the decline affecting all regions.
Despite lower mortgage rates at the start of 2026, inventory issues persist.
Affordability discussions ahead of the midterm elections complicate the outlook.

1 of 1

Story summary

Pending home sales in the United States fell 9.3% in December 2025, the largest drop since April 2020, according to the National Association of Realtors.
Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), said the housing sector remains uncertain, with the decline affecting all regions.
Despite lower mortgage rates at the start of 2026, inventory issues persist.
Affordability discussions ahead of the midterm elections complicate the outlook.