Houtan HormozianExpert on Real Estate, Finance and PropTech

CRESTICO | Why Buyers Are Hesitating Right Now (But Still Looking for Homes)

2 Jun 2026 · 2 min

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This content was created by Houtan Hormozian. This content was uploaded by Houtan Hormozian. This is a YouTube video titled "CRESTICO | Why Buyers Are Hesitating Right Now (But Still Looking for Homes)" (published 2026-06-02). It is a single-speaker market update / real-estate commentary summarizing housing and macro indicators: April new-home sales below expectations, builders offering incentives, roughly a 9.4-month supply of new homes, rising mortgage rates, purchase applications up 0.4% weekly and 5% year-over-year, unemployment claims modestly higher but consistent with a stable labor market, 12-month inflation at 3.8%, and final Q1 GDP at 1.6% (revised down). The speaker concludes that jobs are holding, inflation remains elevated, and growth is slowing, and invites viewers to reach out to discuss options.

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Here's what's making a lot of buyers hesitant right now. New home sales in April came in below expectations, even with builders offering more incentives to attract buyers during the early part of the spring market. And a lot of people are still trying to figure out if now is the right time to make a move. Builders are also working through inventory levels with about a 9.4-month supply of new homes right now. Because of that, construction could stay more limited in the months ahead. At the same time, mortgage rates have been rising again, but even with Despite higher rates, applications to buy a home still increased by 0.4% for the week and remained 5% higher than the same time last year. So even though buyers are cautious, people are still actively looking. On the economic side, applications for unemployment benefits moved slightly higher last week but still remain at a level consistent with a stable labor market. Inflation also came in as expected at 3.8% for the 12-month rate, Which is still well above the Federal Reserve's 2% target. And when it comes to growth, final gross domestic product readings for the first quarter came in softer than expected, falling from 2% down to a final reading of 1.6%. So, in simple terms, jobs are still holding up, inflation is still elevated, and economic growth is slowing a bit compared to earlier estimates. That mix is exactly why a lot of people are feeling unsure about what comes next. If you want to talk through your options or see what makes sense for your situation, feel free to reach out anytime.