US Pending Home Sales Fall 1.9% to Record Low, Redfin Reports

• Rocket’s Redfin reported U.S. pending home sales fell 1.9% week over week to a record low for the four weeks ended Oct. 18, 2026.
• Pending sales dropped 14.4% year over year, with declines across all 50 largest U.S. metros for a second consecutive week.
• Mortgage rates of 7.4% pushed the median monthly housing payment to $2,796, the second-highest level on record.
• Median home sale prices rose just 0.2% year over year to $390,614, signaling slowing price growth.
• New listings fell 1.4% week over week, while total inventory edged up 0.1% as weak demand bolstered buyers’ negotiating power.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE78575) on October 22, 2026, and is solely responsible for the information contained therein.