Demand is outpacing supply as pending sales climb in all but 3 major metros.
INMAN Article, May 14, 2026
– U.S. pending home sales rose 9.6 percent year over year, reaching their highest level since September 2022, according to Redfin.
– The increase in pending home sales is attributed to factors such as an improving job market and declining mortgage rates, as noted by Redfin.
– Redfin’s head of economics research, Chen Zhao, warns that the increase in buyers may lead to more competition, bidding wars, and higher prices, making it harder for buyers to secure a home.
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