U.S. pending home sales fell 5.1% year over year, biggest decline in over a year, with only 5 major metros seeing an increase.

In Seattle, U.S., pending home sales experienced a substantial 5.1% year-over-year decrease during the four weeks leading up to February 8, marking the most significant decline in more than a year. These findings were revealed in a recent report from Redfin, a real estate brokerage powered by Rocket. The analysis also highlighted a notable trend at the local level, with pending sales diminishing in all but five out of the 50 most populous metro areas in the U.S., representing the largest drop in over two years. Among these areas, the metros that saw an increase in pending sales were West Palm Beach, FL (9.1%), Jacksonville, FL (7.7%), Columbus, OH (1.4%), and Chi...