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Pending home sales declined 0.2 percent week over week for the third consecutive period, according to Redfin Corp.
The drop comes as prospective home sellers pull back amid a continued slowdown in homebuying demand. Additionally, mortgage-purchase applications have reached their lowest point in six weeks, reflecting ongoing caution among buyers. The persistent decline suggests further pressure on the housing market, with sellers hesitant to list and buyers reducing activity in response to broader market conditions.
Earlier this year, Redfin Corp found that Midwest neighborhoods were leading 2026 real estate trends as homes sold faster and buyer interest increased, according to company data. Redfin also introduced a revamped Data Center, expanding public access to national and local housing market information. These updates provide further context for recent softness in pending home sales.