Redfin reports that falling mortgage rates have yet to improve home sales, while buyers are uncertain about the NAR regulation and the election

(NASDAQ: RDFN) — Pending home sales fell 6.9% in the four weeks ended Aug. 25, the biggest annual decline in nearly a year, according to a new report from Redfin (redfin.com), the technology-driven real estate brokerage. That’s despite the fact that the average monthly U.S. home payment fell to its lowest level since February, as the weekly average mortgage rate fell to a 15-month low.

Sales numbers aren’t improving yet as many potential homebuyers play the waiting game. Redfin agents report that house hunters are looking at homes, but some are now hesitant to buy.
Potential buyers are waiting for one or more of the following: