National Pending Home Sales Drop to Twenty Year Low as Rates Climb

By Anna-Louise Jackson · Fast Company · 2026-10-20

National Pending Home Sales Drop to Twenty Year Low as Rates Climb

Fast Company reports that residential real estate activity has cooled significantly, with signed contracts for existing homes falling more than 11% compared to last year. High mortgage rates, which spiked to 7.6% in September, are deterring buyers even in previously resilient sou

Fast Company reports that residential real estate activity has cooled significantly, with signed contracts for existing homes falling more than 11% compared to last year. High mortgage rates, which spiked to 7.6% in September, are deterring buyers even in previously resilient sou