What did pending home sales look like in August 2026?

Pending home sales in the U.S. rose 0.3% from July to August but fell 4.7% year-over-year. The West and South saw monthly increases, while the Midwest and Northeast experienced declines. Mortgage rates averaged 6.67% recently, slightly higher than a year ago. Despite higher rates, some local markets showed gains. Fall and winter usually bring fewer buyers, offering more negotiating power.