The national housing market entered spring stronger, helped by better affordability and rebuilding inventory, even as 30-yr mortgage rates rebounded from early-2026 lows.
Annual home price growth was 0.4% in Late-Q1, while Mid-Q1 and Late-Q1 posted the strongest seasonally adjusted monthly gains in nearly 12 mo.
Affordability still improved yearly despite rates rising ~0.4 points since late Mid-Q1, which cut buying power ~4% from early-2026 peaks.
Inventory ↑8% yearly in Late-Q1, but active listings stayed 11% below typical 2017–2019 levels. Four in 10 markets matched or exceeded pre-pandemic supply.
Refinance incentives weakened sharply. Higher rates cut borrowers considered in the money by ~60% from recent highs, while homeowner lock-in looked likely to ease gradually.
Mortgage stress also ticked higher: delinquency reached ~3.7% in Mid-Q1, and ~878K loans were severely delinquent or in foreclosure, highest since Mid-2018 excluding pandemic effects.
Price firming broadened, but
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular…
South Florida's luxury pre-construction residences have estimated deliveries from 2027 to 2030+, with timing crucial…
Florida's manufactured housing market shows steady demand with closed sales and pending sales nearly unchanged…
Mortgage rates are expected to remain stable between 6.2% and 6.5% through July 2026, with…
Many first-time buyers still plan to purchase, even with affordability pressure, by adjusting expectations around…
Florida closed 24.1K existing single-family sales statewide in Early-Q2, ↑2.4% yearly, with median price ↑1.8%…