06/11/2026
""Today's sales data suggest that the market remains resilient, and first-time homebuyers were an important part of that resilience," said Realtor.com Chief Economist Danielle Hale, who noted that NAR's report found 35% of existing home sales in May were to first-time buyers, up from 30% a year ago."
https://www.realestatenews.com/2026/06/09/existing-home-sales-rose-in-may-but-momentum-may-not-last
Sale closings likely benefitted from an earlier drop in mortgage rates. With rates back on the rise, the coming months may be slow for existing home sales.