Thursday, August 7, 2025

US Pending Home Sales Plummet By Most on Record

The US housing market is in trouble: despite new home sales doing better than expected, not only did last month’s existing home sales crash— but pending home sales are faring even worse.

The latest report from the National Association of Realtors (NAR) shows pending home sales fell for the sixth straight month across all regions, dropping 4% between October and November to a reading of 73.9. Compared to November 2021, pending transactions slumped a staggering 37.8%— the largest decline on record, bringing contract activity on par with 2001 levels.

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates, which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” commented NAR chief economist Lawrence Yun. “Falling home sales and construction have hurt broader economic activity.”

Given that homes are put under contract several months before they are actually sold, pending home sales are the de facto gauge of future real estate activity. With that in mind, the big picture is not looking too optimistic for the US housing market.

Information for this briefing was found via the NAR. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Nova Scotia Bans Forest Access to Prevent Wildfires

Cardiol Therapeutics Releases Positive Topline Results From Phase II Clinical Trial

Related News

Tiff Macklem Delivers on Rate Hike Pause, Canadian Dollar Plummets

It appears that Bank of Canada Governor Tiff Macklem delivered on his promise, and paused...

Wednesday, March 8, 2023, 10:22:10 AM

Household Credit Liabilities Persist Amid Slower Mortgage Growth and Rising Credit Card Debt

The Canadian consumer is becoming increasingly more indebted, as high inflation and interest rates erode...

Wednesday, June 21, 2023, 07:29:00 AM

US Unemployment Claims Show Slight Rise Amid Strong Labour Market

The number of jobless benefit applications jumped marginally by 2,000 to 232,000 for the week...

Thursday, June 1, 2023, 02:59:00 PM

EU Core Inflation Continues to Hit Record-Highs, Policy Makers Prepare for More Rate Hikes

Although inflation across the EU slumped into single digits last month, core inflation remains stubbornly...

Saturday, January 7, 2023, 02:21:00 PM

Choke Points: The War on Inflation is Getting Pretty Selective

Inflation is too high, so central banks are raising interest rates to try and bring...

Saturday, July 22, 2023, 09:31:20 AM