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📊 The Weekly Altos Market Report: July 13, 2026

Demand held up last week despite a jump in mortgage rates as the Iran conflict kept markets on edge. Buyers going under contract stayed strong through the July 4th holiday lull and inventory is holding essentially flat against last year.

📈 The National Data

Demand held up nationally even as the Iran conflict pushed rates higher.

• Pending sales: Weekly pending home sales came in at 63,971 vs. 61,143 a year ago.
  
  
• Mortgage rates & spreads: The 30-year fixed rate ended at 6.87%, but mortgage spreads improved to 1.95% from 2.01%.
  
  
• Inventory: Single-family inventory fell to 844,011 from 852,241 and is down -0.33% year over year.
  
  
• Price cuts: 39.57% of single-family listings had recent price reductions vs. 41% last year, signaling fewer sellers are having to chase the market.

Bottom line: with demand ahead of last year, inventory slightly tighter, and fewer price cuts, the winning strategy this week is disciplined pricing and tight financing prep.

💡Turn National Data into Local Context with Altos

Here’s how agents and teams can translate this week’s national story into local conversations that win listings and help buyers act decisively:

• Separate “headline cooling” from ZIP-code heat: National single-family inventory slipped from 852,241 to 844,011 while days on market stretched 56 → 63, so use Inventory trends alongside Days on market trends by ZIP code to pinpoint where supply is still constrained versus where homes are starting to linger.

• Price new listings sharper as buyers get pickier: With the median price of new single-family listings dropping $425,000 → $409,900 in a week, pull your local Median list price trends in the Weekly trend view to show whether your market is seeing the same “reset” in fresh pricing or holding firm.

*Custom charts shown above available to users on the Altos Advanced plan.

📰 Market News & Policy Watch

Beyond the weekly numbers, several key developments are shaping the 2026 landscape:

• Trump didn’t sign it, but the 21st Century ROAD to Housing Act is now law: A sweeping, supply-focused federal housing package is now on the books, including incentives aimed at reducing zoning/permitting friction plus an FHA small-dollar mortgage pilot and higher FHA multifamily loan limits. See what the new law changes for supply, FHA lending and affordability.
  
  

• Existing home sales decline in June as prices reach another record high: Existing sales slipped as rates stayed elevated, yet prices still set a new record and inventory remained tight, reinforcing that “slower pace” doesn’t automatically mean “cheaper homes.” Get the latest sales, inventory and price signals from NAR.
   

• Mortgage rates rise past 6.75% as inflation uncertainty persists: Rates pushed higher again as inflation expectations firmed up, even while the market shows signs of more balance in some regions. Understand what’s driving this week’s rate move. 
  

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