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The Independent UK
The Independent UK
National
Michelle Chapman

Pending US home sales slide to all-time low in January on rates, prices, maybe weather

United States Donald Trump Home Prices NAR
Pending Home Sales - (Copyright 2023 The Associated Press. All rights reserved.)

Pending home sales in the United States slid to an all-time low in January as high mortgage rates, record-high home prices, and possibly the terrible weather last month hindered those seeking to buy.

The National Association of Realtors said Thursday that its Pending Home Sales Index, which is an indicator of home sales based on contract signings, declined 4.6% to 70.6 last month. Pending transactions fell 5.2% from the year-ago period.

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