Pending Home Sales Rise Despite High Rates: What It Means for Buyers and Investors

Pending home sales rose in April, showing that buyers are still active even with mortgage rates around 6.5% and inflation at a three-year high. This tells me the market is still moving, but affordability remains a major challenge.

For investors, that can mean opportunities in markets where demand is staying strong despite higher borrowing costs. For buyers, it may be a sign to stay prepared, because good deals are still getting attention quickly.

What are you seeing in your local market right now?