Pending home sales drop sharply in December, dampening 2026 outlook
An “Open House” sign outside a home in Palm Beach Gardens, Florida, US, on Sunday, Jan. 11, 2026. Zak Bennett | Bloomberg | Getty Images 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% last … Read more