Real Estate News 06/26/2026

The housing market continues to demonstrate resilience as purchase applications increase 17% from a year ago, even with elevated mortgage rates. Stronger buyer activity, combined with improving mortgage spreads, is helping support housing demand across the country. Recent home sales data has also exceeded expectations, signaling encouraging momentum heading into the second half of 2026. These trends highlight the determination of buyers and the ongoing opportunities available in today's market.

In The News:

Housing Wire – “Why Purchase Applications Are Rising Even as Mortgage Rates Climb“ (06-10-2026)

“Homebuyer demand continues to show surprising strength, with purchase applications rising 17% year over year despite mortgage rates remaining near annual highs. Improved mortgage spreads and positive sales trends suggest buyers are finding opportunities and staying active in today's market.”

Realtor – “Spring Progress Report: Is the 2026 Housing Market Actually Moving? Or Balanced, but Still Stuck?“ (05-21-2026)

“The 2026 housing market is showing encouraging signs of renewed activity, with both new listings and contract signings reaching their highest levels since 2022. As sellers adopt more realistic pricing strategies, buyers are responding, creating momentum that could support a healthier and more active market.”

Housing Wire – “Why Housing Demand Is Up and Inventory Is Down in 2026”(06-13-2026)

“Despite mortgage rates remaining above 6.5%, housing demand continues to show resilience, with pending sales increasing year over year. Limited inventory and fewer price cuts highlight ongoing buyer interest and a market that continues to find stability amid economic uncertainty.”

Reuters – “US Consumers Favor Homebuying Over Renting for First Time Since 2023, BofA Study Shows” (06-23-2026)

“Consumer confidence in homeownership is making a comeback, with a majority of Americans now preferring to buy a home rather than rent for the first time since 2023. Growing optimism, particularly among younger buyers, signals renewed interest in building long-term wealth through homeownership.”

Redfin – “California Housing Market Overview” (06-25-2026)

“California’s housing market continues to demonstrate strength, with home prices rising 2.3% year over year and home sales increasing 8%. Limited inventory and strong buyer demand are helping support a competitive market across many California communities.”