Redfin Reports Pending Home Sales Dip to Lowest Level in Nearly 3 Years
Article excerpt
Highlighted: the sentence this signal was extracted from
The homebuyers who remain in the market have more choices, less competition and more negotiating power SEATTLE, Sept. 17, 2026 /PRNewswire/ -- U.S. pending home sales fell 3.5% week over week to their lowest level in almost three years, according to a new report from Redfin , the real estate brokerage powered by Rocket. Here's what else is happening in the U.S. housing market for the four weeks ending Sept. 13: For Redfin economists' takes on the housing market, please visit Redfin's " From Our Economists " page. Leading indicators Indicators of homebuying demand and activity Value (if applicable) Recent change Year-over-year change Source Daily average 30-year fixed mortgage rate 7.24% (Sept. 16) Up from 6.97% one week earlier; near highest level since Jan. 2025 Up from 6.25% Mortgage News Daily Weekly average 30-year fixed mortgage rate 6.76% (week ending Sept. 10) Up from 6.67% one month earlier Up from 6.35% Freddie Mac Mortgage-purchase applications (seasonally adjusted) Down 1% from a week earlier (as of week ending Sept. 11) Down 19% Mortgage Bankers Association Google searches of "homes for sale" Down 12% from a month earlier (as of Sept. 12) Down 15% Google Trends Touring activity Down 3% from the start of the year (as of Sept. 10) At this time last year, it was up 26% from the start of 2025 ShowingTime Key housing-market data U.S. highlights: Four weeks ending...
Keep reading with a free account
The rest of this article, and every signal for Redfin, is in your free account.
