"Weekly pending home sales, which had shown year-over-year growth up until the late-January snowstorm, got back on track with year-over-year growth again last week. One thing to remember about our weekly pending sales data: it takes about 30-60 days to be reflected in the existing home sales data, so not only did the snowstorm delay people from listing their homes and looking at other homes, but some closings were impacted as well. In time, though, it all works itself out."
"Over the past few years, our weekly pending home sales data tends to be mostly positive with mortgage rates near 6%. Weekly pending sales last week over the last two years: 2026: 59,283 2025: 56,693 Purchase application data is a forward-looking data line: the growth here leads sales roughly 30-90 days out, and we saw 8% year-over-year growth in this data line last week. However, what I really value is at least 12-14 weeks of positive weekly growth."
Weekly pending home sales returned to year-over-year growth after being slowed by a late-January snowstorm that delayed listings, showings, and some closings. Weekly pending data typically leads existing home sales by 30–60 days, while purchase application growth leads sales about 30–90 days. New listings also grew year over year, matching expected spring 2026 seasonality. Inventory sits at a multiyear high and mortgage rates remain near 6%, supporting mostly positive weekly pending sales over recent years. Purchase applications rose 8% year over year last week. Price-cut percentages declined as demand improved. Short-term weather events and holidays can cause temporary volatility.
Read at www.housingwire.com
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