U.S. Housing Inventory Rises to 830,939 Units as Mortgage Rates Hold Near 6.58%
Updated
Updated · HousingWire · Jun 21
U.S. Housing Inventory Rises to 830,939 Units as Mortgage Rates Hold Near 6.58%
1 articles · Updated · HousingWire · Jun 21
Summary
830,939 homes were on the market in mid-June, up from 816,924 a week earlier; the same week last year inventory reached 828,890, showing only marginal year-over-year growth.
6.58% mortgage rates have kept housing firmer than many expected in 2026, helped by improved mortgage spreads near 2.0% that are far better than the worst levels seen in 2023-2025.
75,489 pending sales last week topped 70,352 a year earlier, while purchase applications fell 3% week to week but remained up 5% from a year ago, signaling demand is still holding.
76,573 new listings were little changed from 76,179 a year earlier, and 38.62% of homes saw price cuts versus 40% last year, suggesting supply is rising without broad price pressure.
4.46% on the 10-year Treasury is now the key level for the second half, with investors watching Fed speeches and PCE inflation for clues on whether lower mortgage rates can extend the housing market's resilience.