Pending home sales for previously owned homes rose 1.4% in April, marking the third consecutive monthly increase and a 3.2% year-over-year gain, indicating growing spring demand. The 30-year fixed mortgage rate fluctuated, briefly dropping to 6.23% before rising above 6.5%, impacting affordability. Regional sales varied, with the Northeast up 6.6% and the South down 0.7%. Limited home supply continues to constrain the market and may drive prices higher.