Pending Home Sales Drop as Mortgage Rates Cross Seven Percent Threshold

By Snejana Farberov · Realtor.com · 2026-10-20

Realtor.com reports that contract signings for residential properties fell 7.3% in September compared to the previous month. This retreat suggests that even as sellers adjust asking prices downward and total inventory increases, the rapid climb in borrowing costs is keeping prosp

Realtor.com reports that contract signings for residential properties fell 7.3% in September compared to the previous month. This retreat suggests that even as sellers adjust asking prices downward and total inventory increases, the rapid climb in borrowing costs is keeping prosp