Pending Home Sales Drop to 2nd Lowest on Record, Plunge to Record Low in the West, to Near-Record Low in the South — Live Feedhttps://www.live-feeds.com/feed/pending-home-sales-drop-to-2nd-lowest-on-record-plunge-to-record-low-in-the-west-to-near-record-low-in-the-southContinuously updated, source-cited coverage. US Pending Home Sales Hit 2nd Lowest on Recordhttps://www.live-feeds.com/feed/pending-home-sales-drop-to-2nd-lowest-on-record-plunge-to-record-low-in-the-west-to-near-record-low-in-the-southhttps://www.live-feeds.com/feed/pending-home-sales-drop-to-2nd-lowest-on-record-plunge-to-record-low-in-the-west-to-near-record-low-in-the-south#u45306Wed, 19 Aug 2026 21:55:31 +0000US pending home sales dropped 2.3% in July, reaching the second-lowest level on record. The decline was led by a record low in the West and a near-record low in the South. This downturn indicates a buyer's market, particularly for those who can afford it. The National Association of REALTORS reported the decrease.Why it mattersThe housing market is experiencing a slowdown, which may be attributed to various factors such as economic conditions and affordability. This trend could have implications for the overall economy and the real estate industry. The pending home sales data is a key ind