The National Association of Realtors released a report on Friday showing a continued slump in pending home sales in the U.S. in the month of January.
NAR said its pending home sales plunged by 5.7 percent to 109.5 in January after tumbling by 2.3 percent to a revised 116.1 in December.
The continued decrease came as a surprise to economists, who had expected pending home sales to jump by 1.0 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.