U.S. Housing Market Stalls Amid Inventory Shortage as Buyers Turn to New Construction
🏠 [Global Report] Second Week of May 2026 Market Update Even as the spring moving season begins across the United States, the existing-home sales market remains largely stagnant due to a persistent shortage of available inventory. According to the latest report from the National Association of REALTORS® (NAR), existing-home sales in April 2026 increased only slightly by 0.2% from the previous month, showing that the market is still struggling to gain momentum. 📊 Key Market Indicators at a Glance April 2026 Existing-home sales: Up 0.2% month-over-month, essentially flat Median existing-home price: $417,700, up 0.9% year-over-year Housing inventory: Up 6% from the previous month, but only slightly higher year-over-year, showing that supply remains limited Average mortgage rate: 6.33%, lower than the same period last year, offering some relief to buyers 🔍 Market Analysis 1. “There Are Not Enough Homes to Buy” — Inventory Shortage Keeps Sales Low Despite the typical seasonal increase in buyer activity during spring, home sales have not increased…