Pending Home Sales Fell 32% in October, Biggest Drop on Record

Pending home sales fell the most on record in October and deal cancellations and price cuts hit record highs as buyers were spooked by the biggest mortgage-rate jump in over four decades. Pending sales dr… See more


Install CouponFollow Chrome Extension   CouponFollow Extension

32%
OFF

Pending Home Sales Fell 32% In October, Biggest Drop On Record

6 hours from now

Pending home sales fell the most on record in October and deal cancellations and price cuts hit record highs as buyers were spooked by the biggest mortgage-rate jump in over four decades. Pending sales dr… See more

redfin.com

9%
OFF

Redfin Sees Pending Home Sales Fall By A Record In October, As ...

6 hours from now

Nov 21, 2022  · The drop off in pending sales comes as deal cancellations jumped to a record 17.9% of home that went under contract, and a record 23.9% of homes for sales experienced …

marketwatch.com

5%
OFF

Pending Home Sales Drop To A Record Low, Even Worse Than During …

6 hours from now

Nov 30, 2023  · Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They fell most steeply in the West, which is where homes …

nbcnews.com

1%
OFF

Pending Home Sales Post Largest Drop On Record

6 hours from now

Nov 22, 2022  · October saw pending sales drop 32.1% year-over-year, marking the largest decline since Redfin’s records began in 2013. A record number of home purchase agreements …

mpamag.com

4%
OFF

Pending Home Sales Decline Due To High Housing Costs ... - Redfin

6 hours from now

Jan 16, 2025  · Pending home sales fell 8.4% year over year during the four weeks ending January 12, the biggest decline since October 2023. Prospective sellers are also sitting on the …

redfin.com

6%
OFF

Pending Home Sales Fall For The Fifth Straight Month In October

6 hours from now

Nov 30, 2022  · What The Data Show: Contract signings for existing homes fell 4.6% in October as home purchase activity continued to slow. Pending home sales were 37.0% below year-ago …

realtor.com

5%
OFF

Pending Home Sales Fall 1.5% In October To Record Low

6 hours from now

Nov 30, 2023  · Pending home sales fell 1.5% month-over-month in October, dropping to the lowest level in the data’s history (back to 2001). Pending home sales were 8.5% lower year …

realtor.com

1%
OFF

Pending Home Sales Post Record Drop In October As Deal …

6 hours from now

Nov 21, 2022  · Pending sales dropped 32.1% year over year last month, the largest decline since at least 2013, when Redfin’s records begin. Nearly 60,000 home-purchase agreements fell …

businesswire.com

35%
OFF

Redfin Reports Pending Home Sales Fall 35%, Largest Drop In At …

6 hours from now

Oct 27, 2022  · On average, a record 7.9% of homes for sale each week had a price drop, up from 3.8% a year earlier. The average sale-to-list price ratio, which measures how close homes are …

redfin.com

37%
OFF

Pending Home Sales Are Down 37% From Last Year - HousingWire

6 hours from now

Nov 30, 2022  · Pending home sales continued to fall in October, recording a 4.6% month-over-month drop that resulted in an index reading of 77.1, according to data released Wednesday …

housingwire.com

2%
OFF

These Florida Cities Saw Pending Home Sales Plummet Last Month

6 hours from now

Nov 19, 2024  · In Tampa—which felt the brunt of both storms—pending sales dropped 7.2%, which is an improvement from the initial aftermath, when pending home sales fell 32.2% …

mansionglobal.com

5%
OFF

US Pending Home Sales Drop To Snap Four Months Of Gains

6 hours from now

2 hours ago  · The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, fell 5.5% last month to 74.2 from a downwardly …

yahoo.com

68%
OFF

Pending Home Sales Drop Sharply In December, As Mortgage Rates …

6 hours from now

1 hour ago  · Pending home sales dropped sharply in December as mortgage rates climbed. The average rate on the 30-year fixed went from a low of 6.68% on Dec.6 to a high of 7.14% on …

nbcnewyork.com

5%
OFF

Pending Home Sales Post Biggest Drop In Five Months As

6 hours from now

Feb 29, 2024  · The drop in pending home sales was the largest since August 2023, when they fell 5%. The sales pace fell short of expectations on Wall Street. Economists were expecting …

morningstar.com

5%
OFF

Pending Home Sales Fell The Most Since 2022 In December As …

6 hours from now

SEATTLE, January 17, 2025--(NASDAQ: RDFN) — Pending home sales fell 4.5% month over month in December on a seasonally adjusted basis—the largest decline since October …

yahoo.com

5%
OFF

Pending Sales Of US Homes Decline For First Time Since July

6 hours from now

2 hours ago  · Pending Sales of US Homes Decline for First Time Since July December contract signings fell 5.5%, worse than all estimates Costliest regions in West and Northeast saw …

bloomberg.com

5%
OFF

Pending Home Sales Fell The Most Since 2022 In December As …

6 hours from now

Jan 17, 2025  · (NASDAQ: RDFN) — Pending home sales fell 4.5% month over month in December on a seasonally adjusted basis—the largest decline since October 2022—and …

morningstar.com

FAQs about Pending Home Sales Fell 32% in October, Biggest Drop on Record Coupon?

What happened to pending home sales in October?

Pending home sales fell the most on record in October and deal cancellations and price cuts hit record highs as buyers were spooked by the biggest mortgage-rate jump in over four decades. Pending sales dropped 32.1% year over year last month, the largest decline since at least 2013, when Redfin’s records begin. ...

What happened to Redfin's pending sales?

Pending sales dropped 32.1% year over year last month, the largest decline since at least 2013, when Redfin’s records begin. Nearly 60,000 home-purchase agreements fell through, equal to a record 17.9% of homes that went under contract. ...

How much did pending home sales drop last month?

Pending home sales dropped 1.5% last month from September, monthly data from the National Association of Realtors showed. The pending home sales index — a forward-looking indicator based on contract signings rather than closings — was down 8.5% from a year ago. ...

Where did pending home sales fall the most?

Pending home sales fell the most in Allentown, PA, declining 54.9% year over year. Next came Greensboro, NC (-50.4%), Honolulu (-47.3%), Salt Lake City (-46%) and Jacksonville (-45.9%). Pending sales fell the least in McAllen, TX (-6.6%), Rochester, NY (-14.2%), Detroit (-14.4%), Buffalo, NY (-15.1%) and El Paso (-15.8%). ...

How did the pending home sales index perform in October?

The pending home sales index — a forward-looking indicator based on contract signings rather than closings — was down 8.5% from a year ago. Only the Northeast saw monthly gains in pending transactions in October, while the Midwest, South and West all experienced a loss. All four US regions had year-over-year declines in transactions. ...

Where did home prices fall the most?

Raleigh, NC, Phoenix, Austin, San Antonio and Jacksonville, FL saw the biggest year-over-year increases in the share of homes for sale with price drops. Three metros–Lake County, Chicago and Fresno, CA –saw decreases. Pending home sales fell the most in Allentown, PA, declining 54.9% year over year. ...

Install CouponFollow Extension on Chrome

Install the CouponFollow extension to search for discount codes when shopping the fastest!

Install CouponFollow Chrome Extension   Install CouponFollow Chrome Extension