Pending Sales Dip as Affordability Gains Fail to Spark Demand
By: Mortgage News Daily | Published: 2026-02-20 19:42:00 | Source: www.mortgagenewsdaily.com
The National Association of Realtors’ Pending Home Sales Index (PHSI) slipped modestly in January, easily prolonging its stay in a narrow range near all-time lows.
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Pending home sales decreased 0.8% month over month and were down 0.4% compared with the same time last year. While affordability conditions have improved somewhat as mortgage rates trend closer to 6%, the…
