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U.S. Home Prices Just Jumped the Most in 13 Months as Buyers Return

NEW YORK, May 14, 2026, 04:13 (EDT) U.S. home prices jumped in April, notching their sharpest year-over-year gain in 13 months, according to Redfin. Buyers returned for the spring selling season, driving the median sale price up 2.4% to $396,173. Signed contracts hit their highest level since early 2023, with pending sales up 2% over March. (Redfin) April’s pivotal. Spring brings more action, giving brokerages, lenders, and listing portals a boost, though buyers—already stretched—face even tighter affordability as prices pick up speed. Even as mortgage rates remained elevated compared to historical levels, demand increased. Freddie Mac reported the average 30-year

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