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17.06.202614:07:34UTC+00US Pending Home Sales Jump 3.8% in May

US pending home sales jumped 3.8% month-over-month in May 2026, following a downwardly revised 0.3% increase in April and far surpassing market expectations of a 0.8% gain. This was the largest monthly rise since September 2024, with every region posting growth: the Northeast (+8.7%), Midwest (+8.1%), South (+1.0%), and West (+0.7%). On a yearly basis, pending home sales were up 4.8%.

NAR Chief Economist Dr. Lawrence Yun said that a late-spring surge in buyers—despite mortgage rates holding above 6%—highlights both pent-up housing demand and a growing acceptance of higher borrowing costs as the new normal. “The inventory-constrained Northeast region, which has experienced faster home price appreciation but slower sales for several months, is now seeing more buyer contract signings. Additional supply is needed to help temper home price growth,” he added.

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