03/11/2026
👀 Are buyers finally coming back into the housing market?
The latest data says yes.
🏡 Existing home sales rose 1.7% in February, reaching a seasonally adjusted annual rate of 4.09 million homes, according to the National Association of Realtors.
Two key things helped drive the increase:
✔️ Mortgage rates hit a three-year low
✔️ More first-time buyers jumped into the market
In fact, first-time buyers made up 34% of all sales, which is the highest share in five years.
💬 NAR Chief Economist Lawrence Yun explains:
“Housing affordability is improving, and consumers are responding, but there is still a long way to go to return to pre-pandemic levels.”
📊 What this means for buyers and sellers:
We’re starting to see more activity again as affordability slowly improves and first-time buyers re-enter the market.
If you’ve been sitting on the sidelines wondering when the market might shift, this is definitely something worth watching.
What do you think…
Are we finally seeing the market pick back up?