The US housing market stayed subdued as Treasury yields whipsawed and mortgage rates climbed, with conflict-driven uncertainty and higher oil prices keeping many buyers cautious.
The conflict, which began in Late-Q1, had already hurt the national housing outlook. Mortgage rates moved above mid-6%, and mortgage professionals said business was slowing.
An executive said the short-term picture looked grim, with war, inflation, oil prices, and layoffs weakening the economy and likely slowing housing activity further.
Still, the executive said long-term demand should persist, arguing people will keep buying, selling, and refinancing homes even after the current slowdown passes.
A blocked oil passage for weeks added inflation fears and pressure from higher oil prices, while markets and mortgage watchers were left waiting for clearer signals.
The executive said improvement could come by Late-Q2 if the war ended, because lower Treasury yields and stronger optimism could help the mortgage
Florida homeowners could save billions with a proposed constitutional amendment offering a $150,000 homestead exemption…
Builder confidence for newly built single-family homes reached 37 in Mid-Q2, a modest gain despite…
Home prices ↑~0.3% in Early-Q2 on a seasonally adjusted basis, translating to a ~4% annualized…
Rates briefly moved below ~6% earlier in 2026, then returned to mid-6%, delaying a bigger…
Florida plans to reform property taxes by raising the homestead exemption from $50,000 to $250,000,…
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular…