"AI Summary Housing 2026 is off and going, and so far this year, with mortgage rates near 6% and mortgage spreads near normal levels, 2026 looks to be the first year of actual growth in existing home sales in years. Last week we had solid data in purchase apps and our weekly pending sales data with inventory up, price-growth cooling and a healthier buyers versus sellers housing market. Growth is in the works as long as mortgage rates stay near 6% or lower."
"Our weekly pending home sales provide a week-to-week view of the data, though pending sales can be influenced by holidays and short-term fluctuations. Last week showed year-over-year and multi-year growth. Our weekly pending sales data will typically be reflected in the existing home sales report 30-60 days after the pending sales. Last week was our highest weekly pending home sales data in many years."
Housing activity in early 2026 shows signs of recovery as mortgage rates sit near 6% and mortgage spreads return to normal levels, supporting the first year of growth in existing home sales in several years. Purchase applications rose 16% week-to-week and 13% year-over-year in the first measurable week, while weekly pending home sales reached 50,096 versus 44,866 in 2025. Inventory levels increased, price growth cooled, and the market shifted toward a healthier balance between buyers and sellers. The HousingWire forecast anticipates mortgage rates between 5.75%–6.75% and the 10-year Treasury yield between 3.80%–4.60%.
Read at www.housingwire.com
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