April 2026 Realtor.com Housing Report

Mortgage Market News: Home Sales Rise, Fed Holds Rates Steady

Markets received encouraging news as the United States and Iran agreed to extend their ceasefire and reopen the Strait of Hormuz, reducing concerns about global energy supplies. At the same time, the Federal Reserve kept interest rates unchanged in Kevin Warsh's first meeting as Chair. Housing data painted a mixed picture, with homebuilders pulling back on new construction while pending home sales continued to increase. Other economic reports showed updates on consumer spending and weekly jobless claims, offering a broader look at the health of the economy.

The Supply-Demand Story Homebuyers Should Know

When it comes to home prices, one of the most important forces is simple: supply and demand.

Mortgage Market News: Energy Fuels Inflation, Home Sales Improve

Elevated energy and gasoline costs pushed inflation higher in May, while existing home sales reached their fastest pace of the year. Three themes stand out from the latest data: rising energy costs driving broader inflation, home sales posting their strongest showing of 2026, and jobless claims drawing renewed attention.

June 2026 MBS Highway Housing Index

The MBS Highway National Housing Index fell 9 points in June 2026, dropping from 47 in May to 38. Buyer activity declined sharply from the previous month, while price direction reversed its slow but steady climb.

Mortgage Market News: Jobs Data and Home Price Forecasts Signal Strength

Labor market data paints a resilient picture, while home price forecasts highlight the long-term opportunity in homeownership. May's jobs report surprised to the upside, ADP figures signaled broader hiring gains, and additional labor data supported that outlook. On the housing side, long-term home price forecasts put the value of homeownership on full display, giving buyers and clients a compelling reason to act despite affordability headwinds.