Home Prices Hold Firm as ‘Hibernating’ Market Tests Buyers and Lenders

May 7, 2026

Mortgage Professional America, May 6, 2026-Liezel Once
Home prices in most US metros continued to edge higher in the first quarter, even as the broader housing market drifted into what one analyst described as a “state of hibernation.”

New data from the National Association of Realtors (NAR) showed that prices increased year over year in 167 of 235 metro areas – about 71% of the markets tracked – while 16 logged double digit gains.

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