U.S. pending home sales fell 5.8% year over year in the four weeks ending Feb. 15, marking the biggest decline in a year, according to a Redfin report powered by Rocket. The report says homes are taking a median 67 days to go under contract—the longest span in seven years—as affordability pressures, lingering 6%-plus mortgage rates, winter weather, and economic uncertainty keep buyers on the sidelines. New listings and total homes for sale also declined, while conditions have shifted toward a buyer’s market with more room for concessions and below-ask offers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202602190800BIZWIRE_USPR_____20260219_BW851317) on February 19, 2026, and is solely responsible for the information contained therein.