Houtan HormozianExpert on Real Estate, Finance and PropTech

Market Update: Buyers Gain Options as Inventory Grows

16 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 "Market Update: Buyers Gain Options as Inventory Grows" (created 2026-06-16) presenting a single-speaker market commentary. The narrator (labeled SPEAKER A) summarizes U.S. housing market trends: NAR reports a median existing-home price of $429,300 in May (up 1.3% YoY), inventory increased ~3.3% to about 1.55 million homes, and mortgage activity rose (refinance applications +15%, purchase applications +7%). The update also notes macro trends: inflation up 4.2% YoY in May (driven by energy and everyday costs) and jobless claims rising to their highest level since February (attributed to seasonal factors). The speaker frames these signals as a potential market rebalancing and invites viewers to reach out to discuss implications for buyers or sellers.

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Ever wonder why the housing market feels like it's moving in 2 directions at once? According to the National Association of Realtors, or NAR, homes are still selling at record high prices. The median price for an existing home just hit $429,300 in May, up 1.3% from a year ago. At the same time, more homes are finally hitting the market. Inventory also increased by 3.3% during the month. Reaching about 1.55 million available homes. So buyers are getting a bit more breathing room compared to before. Even with mortgage rates still elevated, activity is still picking up. Mortgage applications actually moved higher, with refinance applications up 15% and purchase applications up 7% in just one week. So demand didn't really disappear. It just shifted. Here's the thing. Prices are still going up, but the pace is starting to feel more controlled, and that usually signals the market is trying to rebalance. On the economic side, inflation rose 4.2% in May compared to a year ago, mostly driven by energy and everyday costs. So people are still feeling that pressure in real life. And jobless claims also climbed to their highest level since February, mostly due to seasonal changes around summer breaks and holidays. So if you're thinking about buying or selling, it It really depends on your situation right now. If you want to talk through what this means for you, feel free to reach out anytime.