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U.S. pending home sales hit lowest since 2014 as mortgage rates top 7%, causing more deal cancellations.

Market News
12 Oct 2026
PRNewsWire
View Source
Bearish
U.S. pending home sales hit lowest since 2014 as mortgage rates top 7%, causing more deal cancellations.

Pending home sales in the U.S. dropped to their lowest level since 2014, excluding the 2020 pandemic freeze, due to mortgage rates climbing above 7%. This rise in rates has priced out many potential buyers, leading to a 14.5% deal cancellation rate—the highest on record outside the pandemic period. Home supply has increased to its highest since March 2020, giving buyers more negotiating power and causing sellers to lower prices or offer incentives. While prices are still rising slightly, the momentum is slowing, signaling potential price stabilization or declines ahead.

U.S. pending home sales have dropped to their lowest level since 2014, excluding the 2020 pandemic freeze. For readers following U.S. real estate, here is Pluang's market snapshot as of Oct 12, 2026 17:51 WIB: out of 34 priced Real Estate-sector US stocks tradable on Pluang, 12 rose and 7 fell today. Notable movers include VTR (Ventas Inc. Common Stock) at USD 82.49 with a +0.55% change, WELL (Welltower Inc. Common Stock) at USD 224.51 with a -0.43% change, and EQIX (Equinix Inc) at USD 1,029.99 with a +0.38% change, with typical hold times ranging from 3 to 110 days.

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