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The Independent UK
The Independent UK
Business
J.R. Duren

Home sales under contract plummet to 12-year low in US

Mortgages National Association of Realtors Redfin

Home sales under contract have plummeted to a new low in 2026, an analysis has found.

Last month, the number of homes that entered a pending sale - when a seller accepts an offer from a buyer - fell 4 percent month-on-month, the biggest drop in more than three years, housing data platform Redfin announced Monday.

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