Redfin: US pending home sales slide to lowest since 2014 as mortgage rates top 7%

Bitget2026/10/12 12:13

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Redfin analysis shows U.S. pending home sales fell to the lowest since spring 2014, excluding the April 2020 pandemic freeze.
Pending sales slid 4% month over month in September, the steepest monthly drop in more than three years.
Mortgage rates climbed above 7%, ending September at a 7.28% weekly average, tightening affordability and curbing demand across major metros.
Total homes for sale rose 1.2% month over month to the highest level since March 2020, signaling rising supply as buyers retreat.
Contract cancellations hit a record 14.5% of September deals, pointing to increased buyer leverage and higher transaction risk.

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. Redfin Corporation published the original content used to generate this news brief on October 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Redfin: US pending home sales slide to lowest since 2014 as mortgage rates top 7%

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