For the week of May 11, 2026

“People often say motivation doesn’t last. Neither does bathing—that’s why we recommend it daily.” — Zig Ziglar, American author, salesman

Housing inventory continues to build, though at a slower pace as buyers steadily absorb available supply. Homes are still selling close to last year’s pace, helping keep the spring market active and balanced.

New listing activity remains near its highest level in almost a year, while asking prices continue trending lower. Sellers are increasingly pricing competitively to attract buyers and maintain activity despite broader economic uncertainty.

The labor market continues supporting housing demand, with steady hiring and wage growth helping reinforce consumer resilience. Mortgage markets have also remained relatively stable despite ongoing geopolitical uncertainty.

MARKETS CLIMB HIGHER... Stocks moved to fresh record highs last week as investors focused on improving labor market data, strong corporate earnings, and optimism surrounding possible diplomatic progress in the Middle East.

Bond yields remained elevated as markets balanced resilient economic data with persistent inflation pressures and ongoing volatility tied to energy prices and global uncertainty.

Despite ongoing geopolitical uncertainty, economic fundamentals remain constructive. Consumer spending continues to hold up, hiring trends have improved, and corporate earnings remain broadly strong across sectors.

The week ended with the Dow down 0.7%, to 49,609, the S&P 500 up 1.1%, to 7,399, and the Nasdaq up 2.7%, to 26,247.

Bond markets traded in a relatively tight range as investors weighed stronger labor data against inflation concerns. Mortgage rates remained fairly stable, helping support steady housing and refinance activity.

DID YOU KNOW...Asking prices have now declined or held flat for more than six months, a shift that is helping improve affordability and create more opportunities for buyers this spring.

CPI, RETAIL SALES, FED WATCH...Markets will focus heavily on inflation data and consumer spending reports for signals on the direction of interest rates and overall economic momentum. CPI will remain especially important as investors continue monitoring the impact of higher energy prices on inflation trends. While the Federal Reserve is expected to remain patient, softer inflation data could help improve rate stability and support housing demand as the spring season continues.

Forecasting Federal Reserve policy changes in coming months. Markets currently expect policymakers to remain on hold while evaluating inflation pressures, labor market strength, and broader economic resilience. Officials are likely to maintain a cautious approach as they assess whether inflation begins moderating later this year. Note: In the lower chart, the 4.2% probability of change means there's a 95.8% probability the rate will stay the same. Current rate is 3.50%–3.75%.

Probability of change from current policy:

Facts tell, but stories sell. Don’t skimp on the facts when presenting to prospects, but also put together a story about how their purchase will enhance their lives. Be specific, including details they can relate to. Storytelling is a game changer.