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U.S. pending home sales drop to record lows as mortgage rates stay high at 7.4%.

Market News
22 Oct 2026
PRNewsWire
View Source
Bearish
U.S. pending home sales drop to record lows as mortgage rates stay high at 7.4%.

U.S. pending home sales fell 1.9% from the previous week to the lowest levels since 2021, driven by mortgage rates holding steady at 7.4%, which pushed median monthly payments to the second-highest on record at $2,796. Despite a slight 0.2% rise in median home prices year-over-year, sales are slowing nationwide with declines in all major metro areas. New listings also dropped, reflecting homeowner caution amid weak demand, while total inventory barely increased as buyers remain scarce. This shift gives buyers more negotiating power, marking the most favorable market for them in over a decade.

U.S. pending home sales data provide context for real estate market trends; here is Pluang's snapshot as of Oct 22, 2026 18:12 WIB: Among 47 priced Real Estate-sector US stocks, 24 rose and 18 fell today. Omega Healthcare Investors Inc. (OHI) gained 0.67% to USD 44.75 with a typical hold time of 6 days, contrasting with Iron Mountain Inc. (IRM) which declined 0.66% to USD 113.96 and has a much longer typical hold time of 81 days. Weyerhaeuser Company (WY) also rose 0.63% to USD 19.10, showing mixed performance within the sector.

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