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U.S. Home Sales Drop 0.8% Amid Supply Crunch

2/19/2026

29 3 Full Breakdown

Summary

Story summary

Pending U.S. home sales fell 0.8% in January, continuing the downturn after a 7.4% December drop, per the National Association of Realtors.
Economists expected a 1.3% increase.
Sales fell in the Northeast and South even as the Midwest and West posted gains.
National Association of Realtors Chief Economist Lawrence Yun said that lower mortgage rates have not unlocked demand and warned that limited housing supply could push prices higher.

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Story summary

Pending U.S. home sales fell 0.8% in January, continuing the downturn after a 7.4% December drop, per the National Association of Realtors.
Economists expected a 1.3% increase.
Sales fell in the Northeast and South even as the Midwest and West posted gains.
National Association of Realtors Chief Economist Lawrence Yun said that lower mortgage rates have not unlocked demand and warned that limited housing supply could push prices higher.