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Gregory Daco: Pending sales of existing U.S. homes fall to record low in September

Gregory Daco: Pending sales of existing U.S. homes fall to record low in September
U.S. home sales reach record low

Pending sales of existing U.S. homes dropped to a record low in September as high mortgage rates continued to dampen demand.

Gregory Daco reported the decline, linking it to the ongoing impact of elevated borrowing costs.

Gregory Daco has previously examined how changes in sovereign debt supply and demand influence financial markets, sharing insights from NABE2026 in an earlier report. He also commented on Fed Chair Warsh’s recent remarks, noting the absence of a signal on a potential rate hike while markets priced in limited odds for such a move in October in his prior coverage. These perspectives provide context to his reporting on the impact of higher borrowing costs.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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