Pending home sales drop to lowest level since 2001
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February 27, 2025 - 11:50 PM
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Pending home sales drop
The latest local, regional and national news events of the day are presented by the ABC 6 News Team, along with updated sports, weather and traffic.
(ABC 6 News) — Despite dropping mortgage rates, the National Association of Realtors says pending home sales dropped more than 4.5% from December to January.
Sales are now at the lowest level since realtors started tracking them in 2001.
Mortgage buyer, Freddie Mac, reported the average rate on a 30-year mortgage in the U.S. is 6.7%.