FX.co ★ US Pending Home Sales Fall the Most in 1 Year

Pending home sales in the United States plummeted by 6.3% from the previous month in April 2025, a far steeper decline than the anticipated 0.9%. This marks the most significant drop in a year and completely negates the revised 5.5% increase observed in March. Lawrence Yun, the Chief Economist of the National Association of Realtors (NAR), stated, "At this critical juncture for the housing market, mortgage rates are the key focus. Despite an uptick in housing inventory, we are not witnessing an increase in home sales. To attract prospective buyers back into the market, lower mortgage rates are crucial."