Market Trends
Demetria C. Lester
May 15, 2026
According to a recent study, U.S. pending home sales increased year-over-year, reaching their highest level since September 2022 on a seasonally adjusted basis, as more buyers “may lose some negotiating power,” according to Chen Zhao, Head of Economics Research at Redfin.
GOP senators warn House revisions to the bipartisan 21st Century ROAD to Housing Act could jeopardize one of Congress’ most significant housing packages in decades.
The U.S Senate voted 54-45 Wednesday along party lines to confirm President Donald Trump’s nominee to succeed Jerome Powell as head of the Federal Reserve.
A narrowing gap between home sellers and buyers suggests negotiating power may be moving off its recent peak, even as affordability pressures continue to sideline many would-be purchasers.
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