Americas Technology Real Estate Tech Existing Home Sales Update

May 2026 existing home sales outperformed expectations at 4.17 million (SAAR). Despite this, rising mortgage rates and prices continue to pressure affordability and recovery.

Key Takeaways

• 1.May 2026 existing home sales reached 4.17 million (SAAR), beating consensus estimates of 4.06 million.
• 2.Median home prices rose 1% year-over-year, though housing affordability worsened due to higher mortgage rates and faster payment growth.
• 3.Goldman Sachs updated estimates for Opendoor (OPEN) and maintained a Sell rating, with Neutral ratings on Zillow (ZG) and Compass (COMP).

Table of Contents

• Key takeaways
• Estimate changes
• Disclosure Appendix