Pending home sales drop sharply in December, dampening 2026 outlook
Snippet of Article: "Sales fell month to month in all regions of U.S. and were higher annually only in the South. ...There were just 1.18 million homes on the market in December, down 9% from November, and matching the lowest inventory level of 2025. ...Stagnant mortgage rates, falling housing supply and ongoing economic uncertainty weighed heavily on homebuyers in December. Pending home sales, a measure of signed contracts on existing homes, dropped 9.3% ..."
Source: www.cnbc.com