Housing Market Rebound Hits a Cold Snap as Contract Signings Slow

CBS News

Residential Real Estate, Mortgages & Home Financing- January 21, 2026

Mortgage rates are lower, so what’s holding home buyers back now? Like the thermometer, pending home sales took a downward turn in December—plunging by 9.3% compared to the prior month and 3% from a year ago. The unexpected turn in sales interrupted months of steady gains and what had seemed like a promising point for the housing market. The National Association of REALTORS®’ Pending Home Sales Index is a forward-looking indicator of home sales based on contract signings.

“The housing sector is not out of the woods yet,” says Lawrence Yun, NAR’s chief economist. “After several months of encouraging signs in pending contracts and closed sales, the December new contract figures have dampened the short-term outlook.” Read the full story here: 

https://www.nar.realtor/magazine/real-estate-news/economy/housing-market-rebound-hits-a-cold-snap-as-contract-signings-slow


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