{"id":924,"date":"2026-05-06T14:00:00","date_gmt":"2026-05-06T14:00:00","guid":{"rendered":"https:\/\/www.markmallorca.com\/blog\/?p=924"},"modified":"2026-05-06T14:00:00","modified_gmt":"2026-05-06T14:00:00","slug":"spring-market-starts-on-firmer-footing","status":"publish","type":"post","link":"https:\/\/www.markmallorca.com\/blog\/2026\/05\/spring-market-starts-on-firmer-footing\/","title":{"rendered":"Spring Market Starts on Firmer Footing"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/mark-mallorca\/april-ice-mortgage\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>The national housing market entered spring stronger, helped by better affordability and rebuilding inventory, even as 30-yr mortgage rates rebounded from early-2026 lows.<br \/>\nAnnual home price growth was 0.4% in Late-Q1, while Mid-Q1 and Late-Q1 posted the strongest seasonally adjusted monthly gains in nearly 12 mo.<br \/>\nAffordability still improved yearly despite rates rising ~0.4 points since late Mid-Q1, which cut buying power ~4% from early-2026 peaks.<br \/>\nInventory \u21918% yearly in Late-Q1, but active listings stayed 11% below typical 2017\u20132019 levels. Four in 10 markets matched or exceeded pre-pandemic supply.<br \/>\nRefinance incentives weakened sharply. Higher rates cut borrowers considered in the money by ~60% from recent highs, while homeowner lock-in looked likely to ease gradually.<br \/>\nMortgage stress also ticked higher: delinquency reached ~3.7% in Mid-Q1, and ~878K loans were severely delinquent or in foreclosure, highest since Mid-2018 excluding pandemic effects.<br \/>\nPrice firming broadened, but<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The national housing market entered spring stronger, helped by better affordability and rebuilding inventory, even as 30-yr mortgage rates rebounded from early-2026 lows. Annual home price growth was 0.4% in Late-Q1, while Mid-Q1 and Late-Q1 posted the strongest seasonally adjusted monthly gains in nearly 12 mo. Affordability still improved yearly despite rates rising ~0.4 points [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/comments?post=924"}],"version-history":[{"count":1,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/924\/revisions"}],"predecessor-version":[{"id":926,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/924\/revisions\/926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/media\/925"}],"wp:attachment":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/media?parent=924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/categories?post=924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/tags?post=924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}