The housing market has shown signs of resilience, with a notable year-over-year increase in pending home sales of 4.6%. This uptick indicates a strengthening demand, suggesting that more buyers are entering the market despite fluctuating economic conditions. The increase in pending sales may be attributed to various factors, including stabilizing mortgage rates that have remained near the 6% threshold. Such rates, while higher than historical lows seen in prior years, are becoming more palatable for many potential homebuyers, especially as they adjust their expectations and financial strategies amid broader economic challenges.

Additionally, inventory levels have reached a significant landmark, totaling 700,259 available homes. This rise in inventory, while still relatively low compared to historical averages, might be contributing to the increase in pending sales as buyers find more options to choose from. The interplay between inventory levels and mortgage rates will likely continue to influence the dynamics of the housing market, as buyers weigh their options and sellers respond to market demand. Overall, the current trends point to a cautiously optimistic outlook for the real estate sector, balancing the scales between supply and demand.

**Key Points:**
– **Pending Home Sales Increase**: Rose by 4.6% year-over-year, reflecting growing buyer interest.
– **Stabilized Mortgage Rates**: Rates held steady near 6%, making borrowing more manageable for buyers.
– **Inventory Reaches 700,259 Homes**: A significant increase in available properties, providing more choices for potential buyers.
– **Market Dynamics**: The ongoing relationship between rising inventory and mortgage rates is critical to shaping market conditions and buyer behavior.

You can read this full article at: https://www.housingwire.com/articles/pending-sales-inventory-growth-2026/(subscription required)

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