News

The national housing market showed fresh signs of life this spring. Existing-home sales rose 3.2 percent in May 2026 to a seasonally adjusted annual rate of 4.17 million, the highest level since December, according to the National Association of REALTORS® (NAR). At the same time, the national median existing-home price climbed to $429,300, up 1.3 percent from a year earlier and a record high for the month of May, with the supply of homes for sale at 4.5 months.1   NAR Chief Economist...

New York City’s roughly one million rent-stabilized apartments could see their rents frozen for the first time since 2020. On May 7, 2026, the New York City Rent Guidelines Board cast a preliminary vote approving a range of 0 to 2 percent for one-year leases and 0 to 4 percent for two-year leases, leaving a full freeze on the table.1 A zero percent outcome would be the first rent freeze in six years and the first ever 0 percent guideline for a two-year lease.   The vote reflects a s...

A rise in homes coming onto the market gave New York buyers more options this spring, according to the latest housing report from the New York State Association of REALTORS® (NYSAR), released May 20, 2026. Statewide inventory rose 4.7 percent in April, from 26,796 available homes a year earlier to 28,058, the highest level since November 2025. New listings jumped 10 percent to 15,408, compared to 14,012 a year ago, and the added supply nudged pending sales slightly higher, from 9,422 to 9,461.1...