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Slide 1 More buyers are returning—mortgage rate locks jumped 14% year-over-year, the strongest signal of rising home sales in over three years. Slide 2 Buyers aren't waiting for ultra-low rates anymore—they're realizing today's market may be the new normal. Slide 3 More homes are finally available, giving buyers better choices and stronger negotiating power than

Updated forecast now sees existing-home prices rising ~1% by end-2026, below the earlier ~2% call, as softer sales and more listings ease pressure. Mortgage rates were still forecast near 6% through year-end, but stronger household income growth and slower prices were expected to trim the typical payment yearly. Inventory was expected to grow, though the

For the remainder of 2026, many housing economists expected modest improvement as lower rates, better affordability and expanding inventory supported activity across the US. A builders group expected single-family construction to rebound modestly, helped by easing mortgage rates and demographic demand from millennials moving through prime homebuying years. That outlook called for slim single-family growth

In Mid-Q2 2026, the builder sentiment index ↑3 to 37, topping the 34 estimate while showing modest improvement from the prior reading. Sales conditions ↑3 to 40, buyer traffic ↑3 to 25, and 6-mo sales expectations ↑3 to 45, giving builders better near-term signals. Builders are slightly less aggressive with outright price cuts: ~32% reduced

In Mid-Q2 2026, US pending home sales ↑3.8% MoM and ↑4.8% yearly, showing stronger signed-contract activity for buyers, sellers, and agents nationwide tracking momentum. A late-spring buyer rush signaled pent-up housing demand, with consumers increasingly accepting mortgage rates above ~6% as part of current conditions nationally. Inventory remains a key pressure point: more supply is

Growing inventory levels are shifting negotiating power away from sellers in many metropolitan markets. Buyers are taking more time to evaluate properties before submitting offers. Price reductions are becoming increasingly common as listings remain active longer. Market conditions are becoming more favorable for patient and informed purchasers.