Multiple authoritative and relevant primary sources from the National Association of REALTORS® confirm that the Pending Home Sales Index (PHSI) fell 0.8% in January to a level of 70.9, which they identify as the lowest recorded value in the historical series. These sources include official NAR data releases and press statements, which are the definitive reference for the PHSI, and clearly state that January's value set a new series low. Secondary industry sources referencing NAR data are consistent with this claim and show no contradictions. The numerical value, historical context, and explicit 'lowest on record' language appear in the official dataset, making the statement highly likely to be true. No credible evidence was found suggesting a lower value in any prior month, and the January figure is widely reported as a record low across reputable outlets. Given the consistency and authority of the evidence, the probability of truth is high.