Housing demand continues to show resilience across major metropolitan areas even as mortgage rates climb higher. According to market data, pending sales activity is sustaining momentum in key regional markets despite the headwinds from rising borrowing costs.
Texas, California, and Midwest markets are leading the charge in maintaining transaction volume, with these regions demonstrating stronger resistance to rate-driven slowdowns compared to other parts of the country. The sustained activity suggests buyers in these metros are finding ways to navigate the higher-rate environment.