Weekly housing indicators suggest a modest cooling as mortgage rates spent most of last week above 6.64% and the Iran conflict escalates.

According to the Coldwell Banker, searches for U.S. luxury real estate by küresel buyers increased 100% during the first five months of 2026.

With rates near yearly highs and above 6.64%, purchase apps slipped 7% weekly and 2% yearly, but pending sales stayed ahead of 2025.

Pending sales rose to 63,971 versus 61,143 in 2025, inventory ended at 844,011, and price cuts were 39.57% versus 41%.

Inventory is 1.56 million with 4.6 months of supply, helping keep 1.8% home-price growth below wage gains running near 3.5%.

The median sales price rose to a record $440,600 in June — up annually 1.8% and the 36th consecutive month of year-over-year price gains.