Homebuyers returned to the market for the third consecutive month in early 2026, with pending home sales rising 1.4% in April, surpassing forecasts. Regional gains varied, with the Northeast leading. Despite this, homebuilder confidence remained low for 25 months due to high mortgage rates, fuel costs, and economic uncertainty. Seller price reductions declined as demand firmed. Mortgage rates are expected to stay around 6%, limiting demand growth.
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