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Pending Home Sales Unexpectedly Fall 0.8% In January

Seeking Alpha
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Pending home sales dropped 0.8% in January 2026 to 70.9—the lowest level in the index’s history—defying economist forecasts of 1.4% growth. The decline marks a 0.4% year-over-year decrease, signaling persistent weakness in housing demand despite improving affordability conditions, per National Association of Realtors data. NAR Chief Economist Lawrence Yun noted that lower mortgage rates—averaging 6.10% in January, the lowest in over a year—failed to spur buyer activity as expected. The index’s record low suggests structural challenges in the housing market, including high prices or buyer hesitation, outweighing modest affordability gains. Analysts had anticipated a rebound, but the unexpected contraction underscores deeper economic or psychological barriers to home purchases.
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Advisor Perspectives Charts6.57K FollowersFollow5ShareSavePlay(5min)Comment(1)SummaryThe National Association of Realtors (NAR) pending home sales index unexpectedly fell in January, dropping -0.8% to 70.9, its lowest level in series history.“Improving affordability conditions have yet to induce more buying activity,” said NAR Chief Economist Dr. Lawrence Yun.According to Freddie Mac, the average 30-year fixed-rate mortgage in January 2026 was 6.10%, the lowest level in over a year. Nanci Santos/iStock via Getty Images By Jennifer Nash The National Association of Realtors (NAR) pending home sales index unexpectedly fell in January, dropping -0.8% to 70.9, its lowest level in series history. This was significantly worse than the expected 1.4% growth and marks a -0.4% fall from one yearThis article was written byAdvisor Perspectives Charts6.57K FollowersFollowAdvisor Perspectives is a leading interactive publisher for Registered Investment Advisors. Our AP Charts & Analysis portion of our website analyzes economic and market trends.

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