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 needed to help moderate home price growth and give buyers more choices nationally.
Looking ahead, falling oil prices are expected to help lower mortgage rates, though declines are expected to stay modest under current pressures.
Pending contracts usually close within one or two mo, making them useful early indicators, while financing, inspection, or appraisal issues can shift timing.
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