Iran Conflict Knocks the Wind Out of Real Estate’s Summer Rebound

US housing’s spring rebound faded as the Iran war raised borrowing costs and created uncertainty for buyers, despite rates dipping below 6% in February. By April, 30-year mortgage rates hovered near 6.5% before easing to about 6.25%, dampening demand even as inventory rose and regional markets showed mixed signals. Analysts trimmed optimistic forecasts, with some buyers leveraging concessions and rate buy-downs, yet most experts view a swift, nationwide rebound as fragile and highly dependent on rate stability, job growth, and an eventual resolution to geopolitical tensions.