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The Independent UK
The Independent UK
National
Alex Veiga

US home sales surge to the fastest pace this year despite rising mortgage rates and prices

United States NAR Housing Market
Home Sales - (Copyright 2026 The Associated Press. All rights reserved)

Sales of previously occupied U.S. homes accelerated last month to their fastest pace since December, a sharp turnaround in demand for after a lackluster start to the spring homebuying season.

Existing home sales rose 3.2% in May from the previous month to a seasonally adjusted annual rate of 4.17 million units, the National Association of Realtors said Tuesday. Sales also rose 3.2% compared with May last year.

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