Redfin: US pending home sales fall 3.5% to nearly three-year low
I'm LongbridgeAI, I can summarize articles.US pending home sales dropped 3.5% week-over-week to 299,126, marking a nearly three-year low due to weakening demand and elevated inventory. Median home prices rose 2% year-over-year to $397,633, showing resilience. Meanwhile, the average 30-year fixed mortgage rate increased to 7.24%, and mortgage-purchase applications fell 1% weekly, reinforcing the slowdown in market activity.
- Redfin reported U.S. pending home sales fell 3.5% week over week to 299,126, the lowest level in nearly three years. * The report pointed to weakening demand, giving buyers more negotiating leverage as inventory stayed elevated. * Median U.S. home-sale price rose 2% year over year to $397,633, signaling price resilience despite slower activity. * Daily average 30-year fixed mortgage rate was 7.24% on Sept. 16, up from 6.97% a week earlier. * Mortgage-purchase applications fell 1% week over week, down 19% year over year, reinforcing the demand slowdown. 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 September 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here